WHAT IS A PLACE BET?<
A place bet means you are backing your horse to finish either first, second or third in a field with at least 8 runners.
Please Note: When there are either 5, 6 or 7 horses in a race place betting pays a dividend for the first and second runners only.
However, the exception to this is when a race originially has 8 runners but is reduced to 7 with a late scratching. In this case a place dividend will still be paid for 1st, 2nd and 3rd.
For a race that has less than 5 runners there will be no place betting.
WHAT IS AN EACH-WAY BET?
An each-way bet is a combination of a win and a place bet.
If the horse you back each way wins you collect both the win dividend and the place dividend.
But if the horse you back each-way finishes second or third you still collect the place dividend.
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