How To Place A Placepot
A placepot is a swimming pool bet that involves picking a horse to complete in the places in the first 6 races of a race meeting.
It's a simple bet, that doesn't need a horse to win, just surface within the stipulated locations of a race. If your Placepot succeeds you will win a dividend.
It is possible to choose more than one runner in each race and increase the possibilities of an effective bet and this is understood as 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 potentially offer big rewards from small stakes.
How are placepot profits determined?
Placepot winnings are calculated by merely splitting the total 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 successful line.
You can pick more than one horse in each race, which would increase your total 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 system stake would make the total cost of the bet ₤ 3.60.
This is necessary because the jackpots would be calculated by the variety of effective lines and not the overall stake of the bet. If two of the 36 10p lines were winners you would gather a 20p share of the dividend.
The dividends change depending on the number of winning shares. If a preferred or fancied runner is put in every race of the Placepot the payout is likely to be low as more tickets will be sharing the swimming pool. However, if there are less popular selections filling the frame, the dividends can be big.
How to bet on Horse Racing
Can I position a placepot with bet365?
Yes. The Placepot is offered at all UK and Irish race meetings and chosen International occasions at bet365.
What are the place terms for Placepots?
Placepot place terms are standard throughout every conference. Finishing positions that count as a location depend on the numbers of runners and conditions of the race. A race with 2-4 participants would just pay a single place, however a handicap with 16 or more runners would offer 4. Below is a full list of the Placepot place terms.
2-4 runners = 1st
5 -7 runners = 1st & 2nd
8-15 runners = 1st, 2nd & 3rd
Non-handicap of 16 or more runners = 1st, second & 3rd
Handicap of 16 or more runners = 1st, 2nd, 3rd & fourth
How to put my placepot
Login into your bet365 account and click the horse racing page. Select the Placepot option for your selected racecourse and you'll be required to the race card for the first race of the day.
Add your choices to that leg and continue till you have at least one horse in each event. Once you have actually your line or perms go into an up until stake and location your bet.
Remember the tiniest dividends are returned when favourites and the most chosen horse fill the locations. It can pay to avoid those at the head of the wagering and reap the benefits when less considered horses get in the mix.