WHAT IS A PLACE BET?

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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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