How To Place A Placepot

A placepot is a pool bet that includes picking a horse to complete in the places in the first 6 races of a race meeting.


It's an easy bet, that does not require a horse to win, simply finish within the specified places of a race. If your Placepot achieves you will win a dividend.


It is possible to pick more than one runner in each race and increase the possibilities of a successful bet and this is called perming. The stakes from a Placepot are collected into a swimming pool which is then shared among the winning tickets.


A Placepot is a popular bet for conferences such as the Cheltenham Festival and it can possibly provide big rewards from small stakes.


How are placepot earnings determined?


Placepot earnings are computed by merely splitting the overall swimming pool amongst the winning lines. For example; 10 winning ₤ 1 lines of a ₤ 100,000 Placepot pool, before reductions, would pay ₤ 10,000 per effective line.


You can pick more than one horse in each race, which would increase your overall stake, but it is possible to reduce the system stake and lower the expense of the bet. For example; the following choices 3 x 2 x 1 x 3 x 2 x 1 would work at 36 lines. A 10p unit stake would make the overall expense of the bet ₤ 3.60.


This is very important due to the fact that the earnings would be determined by the number of successful lines and not the overall stake of the bet. If 2 of the 36 10p lines were winners you would collect a 20p share of the dividend.


The dividends fluctuate depending upon the number of winning shares. If a favourite or fancied runner is placed in every race of the Placepot the payment is most likely to be low as more tickets will be sharing the pool. However, if there are less popular selections filling the frame, the dividends can be big.


How to bank on Horse Racing


Can I position a placepot with bet365?


Yes. The Placepot is available at all UK and Irish race conferences and picked International events at bet365.


What are the location terms for Placepots?


Placepot location terms are basic throughout every conference. Finishing positions that count as a location are reliant on the numbers of runners and conditions of the race. A race with 2-4 individuals would just pay a single place, however a handicap with 16 or more runners would provide 4. Below is a complete list of the Placepot place terms.


2-4 runners = 1st


5 -7 runners = 1st & second


8-15 runners = 1st, second & 3rd


Non-handicap of 16 or more runners = 1st, 2nd & 3rd


Handicap of 16 or more runners = 1st, 2nd, 3rd & fourth


How to position my placepot


Login into your bet365 account and click the horse racing page. Select the Placepot alternative for your chosen racecourse and you'll be taken to the race card for the first race of the day.


Add your choices to that leg and continue until you have at least one horse in each occasion. Once you've finished your line or perms enter an up until stake and place your bet.


Remember the smallest dividends are returned when favourites and the most selected horse fill the places. It can pay to avoid those at the head of the wagering and reap the benefits when less considered horses get in the mix.