What is Placepot betting and how do I place one?
A Placepot bet requires you to pick at least 1 selection to place in all of the first 6 races at a particular meeting.
If one or more of your selections fails to place, the bet will be a loser.
How do I put on a Placepot bet?
- Placepot betting is available from the 'Tote' tab of the Horse Racing page.
- On scrolling down the page, you will see the list of meetings for the day and the option to select a Placepot.
- You will then be given the option to choose selections in each of the 6 races.
- Once done, you can enter your unit stake per line.
Why does it say the number of lines in my bet is more than 1?
- In a Placepot, you are entitled to choose more than one horse from each race.
- However, you will have to pay for every line within the bet.
- To work out the total number of lines in the bet, you multiply the number of selections in each race.
- Example: If you choose 3 selections in Race 1, 1 selection in Races 2-5 and 2 selections in Race 6, the total number of lines in the bet would be: 3 * 1 * 1 * 1 * 1 * 2 = 6
- Therefore, to pay for the bet you would need to pay 6 times the unit stake of the bet.
- If this was £1, your overall stake would be £6.
What is the minimum stake?
- The minimum overall stake for a Placepot bet must be at least £1.
- If there's only 1 line in the bet, the unit stake must be £1.
- If there are 10 lines in a Placepot, the unit stake can be as low as £0.10.
What time does Placepot betting become available on site?
- Placepots usually become available on the site in the latter stages of the morning, typically after 10 AM.
Why are there no odds for a Placepot bet?
- There are no odds for a Placepot bet as this is a pool bet.
- Therefore, all of the money wagered is placed in to a central pool.
- A percentage is then deducted and the remaining amount is divided equally between the numbers of winning tickets.
- This then creates a winning dividend to a £1 unit stake.
- Example 1: If the winning dividend is £25 and you have 2 winning lines of £2.50 unit stake, you win £62.50 (25 * 2.5 = £62.50)
- Example 2: If the winning dividend is £50 and you have 3 winning lines at £0.20 unit stake you win £30. (£50 * 0.20 * 3 = £30)
Why does my betslip show all selections either won or placed, but I have no returns?
- A Placepot bet makes use of the standard place terms for any given horse race (see below).
- However, in a particular race, if the selection finishes 3rd in a race involving 5 runners, it will be marked as 'Placed' for the settlement of other Tote betting markets.
- For Placepot bets, this will be a losing selection and therefore the bet will be settled with no returns.
Place Terms
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Non-handicaps
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Runners
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Handicaps
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WIN ONLY
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2-4 runners
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WIN ONLY
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1/4 odds, 1, 2
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5-7 runners
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1/4 odds, 1, 2
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1/5 odds, 1, 2, 3
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8-11 runners
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1/5 odds 1, 2, 3
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1/5 odds, 1, 2, 3
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12-15 runners
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1/4 odds, 1, 2, 3
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1/5 odds, 1, 2, 3
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16 or more runners
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1/4 odds, 1, 2, 3, 4
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One of my selections in my Placepot is a non-runner, what happens to my bet?
- In the event of a non-runner in a Placepot bet, the selection for that race will default to the favourite.
- If there are joint or co-favourites, the selection will go on the selection wearing the lowest number.