 The aim of a Place bet is to select a horse to be placed in the race, a good bet when you fancy a horse but you think it is unlikely to win. As it is easier to pick a placed horse the Tote dividends are slightly reduced. You will find the projected Place dividend displayed on screen beside the Win dividend on course and here online.
Place betting is available on all races with 5 or more runners. However, the number of places that the Tote pays depends on the number of runners:
Places paid on Irish racing:
| No. Of Runners |
Places |
| 1-4 |
No Place Betting |
| 5-7 |
2 Places - 1st or 2nd |
| 8-15 |
3 Places - 1st, 2nd or 3rd |
| 16+ Handicap Races |
4 Places - 1st, 2nd, 3rd or 4th |
The minimum bet per selected horse is €1.00 and bet amounts can only increase in multiples of €1.00. The maximum wager per bet is €1,000.
IMPORTANT CHANGES TO PLACE & PLACEPOT RULES.
Please note that the payment of 4th place on Irish racing is only available now on HANDICAP RACES with 16 or more runners. For all other non-Irish racing, the numbers of places paid are determined by the rules of that betting jurisdiction.
The current minimum dividend for place bets is €1.10. However, in cases where the calculation of the dividend results in the dividend spendings exceeding the place pool, the Tote may recalculate the dividends as per Tote rules and in these instances may pay a minimum dividend of €1.02. For non Irish racing, please note that the minimum payout value is determined by the betting rules of the jurisdiction we are betting in to.
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