A placepot is a pool bet that involves selecting a horse to finish in the places in the first six races of a race meeting.
It’s a simple bet, that doesn’t require a horse to win, just finish within the stipulated places of a race. If your Placepot is successful you will win a dividend.
It is possible to choose more than one runner in each race and increase the chances of a successful bet and this is known as perming. The stakes from a Placepot are collected into a pool and that is then shared amongst the winning tickets.
A Placepot is a popular bet as it can potentially give big rewards from small stakes. This is particularly true at big festival meetings such as Cheltenham and Aintree.
Placepot winnings are calculated by simply splitting the total pool among the winning lines. For example; 10 winning £1 lines of a £100,000 Placepot pool, after deductions, would pay £10,000 per successful line.
You can select more than one horse in each race, which would increase your total stake, but it is possible to reduce the unit stake and lower the cost of the bet. For example; the following selections 3 x 2 x 1 x 3 x 2 x 1 would work at 36 lines. A 10p unit stake would make the total cost of the bet £3.60.
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This is important because the winnings would be calculated by the number of successful lines and not the total stake of the bet. If two of the 36 10p lines were winners you would collect a 20p share of the dividend.
The dividends fluctuate depending on the number of winning shares. If a favourite or fancied runner is placed in every race of the Placepot the payout is 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 huge.
Yes. The Placepot is available at all UK and Irish race meetings and selected International events at bet365.
Placepot place terms are standard across every meeting. Finishing positions that count as a place are dependent on the numbers of runners and conditions of the race. A race with 2-4 participants would only pay a single place, but a handicap with 16 or more runners would offer four. 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, 2nd & 3rd
Handicap of 16 or more runners = 1st, 2nd, 3rd & 4th
Login into your bet365 account and click the horse racing page. Select the Placepot option for Cheltenham and you'll be taken to the race card for the first race of the day.
Add your selections to that leg and continue until you have at least one horse in each event. Once you’ve completed your line or perms enter a 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 betting and reap the rewards when less considered horses get in the mix.