The Placepot is a unique type of bet operated by the Tote. The bet is available generally on any UK horse race meeting and very simply involves selecting at least one horse in each of the first six races to be placed.
All Palcepot bets for each meeting go in to a pool. Each winning ticket gets a dividend based on the amount of money in the pool and the number of winning tickets. Think of it as a similar principle to a lottery ticket in that respect.
The dividends paid on Placepots can be significant €" the largest I have personally seen (but sadly not won) was 19,000 at Doncaster earlier in 2011.
The dividend can vary tremendously from meeting to meeting from a few pounds to a few hundred pounds or even thousands of pounds. So a Placepot is a great way to potentially get a significant return without having to pick a winner and can give you an interest in the racing all meeting long.
And the minimum stake is just 2 so you really can win a good amount of money for a very small stake. Remember that you are looking for a horse to place. A place means the following and is dependent on the number of runners.
In a handicap of 16 or more runners your selection must finish 1st, 2nd, 3rd, 4th
In a handicap of between 5 to 15 runners or non-handicap of more than 8 runners your selection must finish 1st, 2nd, 3rd
If the race has 5, 6 or 7 runners your selection must finish 1st or 2nd
If the race has 4 or fewer runners then your selection must win
Beware that non-runners are important as it is the actual number of horses that start the race which determine the number of places. For example if there are two non-runners from a handicap race which did have 17 runners and only 15 do run in the race because of the two non-runners then for Placepot purposes your selection(s) must finish in the first three.
Similarly if there are eight runners but a late withdrawal reduces that to just seven who race then it becomes 1st or 2nd for Placepot purposes. If any of your selected horses become non-runners then your selection is replaced by the SP favourite. In the case of joint-favourites then your substitute horse is the one with the lowest racecard number.
It is therefore suggested that you leave putting on your Placepot until just before the first race at your selected meeting so you can take account of any non-runners before the first race. Of course there may be further non-runners in later races after the first race has started though that's something you will simply have to live with as it's outside your control.
In very general terms the dividend (amount you can win if your Placepot is successful) is strongly influenced by the number of favourites or short-priced horses which do place. The more that do the smaller the dividend can tend to be. The more that do not €"with longer priced horses placing at the expense of favourites €" then the bigger the dividend.
Now you have an overview of the Placepot rules.
All Palcepot bets for each meeting go in to a pool. Each winning ticket gets a dividend based on the amount of money in the pool and the number of winning tickets. Think of it as a similar principle to a lottery ticket in that respect.
The dividends paid on Placepots can be significant €" the largest I have personally seen (but sadly not won) was 19,000 at Doncaster earlier in 2011.
The dividend can vary tremendously from meeting to meeting from a few pounds to a few hundred pounds or even thousands of pounds. So a Placepot is a great way to potentially get a significant return without having to pick a winner and can give you an interest in the racing all meeting long.
And the minimum stake is just 2 so you really can win a good amount of money for a very small stake. Remember that you are looking for a horse to place. A place means the following and is dependent on the number of runners.
In a handicap of 16 or more runners your selection must finish 1st, 2nd, 3rd, 4th
In a handicap of between 5 to 15 runners or non-handicap of more than 8 runners your selection must finish 1st, 2nd, 3rd
If the race has 5, 6 or 7 runners your selection must finish 1st or 2nd
If the race has 4 or fewer runners then your selection must win
Beware that non-runners are important as it is the actual number of horses that start the race which determine the number of places. For example if there are two non-runners from a handicap race which did have 17 runners and only 15 do run in the race because of the two non-runners then for Placepot purposes your selection(s) must finish in the first three.
Similarly if there are eight runners but a late withdrawal reduces that to just seven who race then it becomes 1st or 2nd for Placepot purposes. If any of your selected horses become non-runners then your selection is replaced by the SP favourite. In the case of joint-favourites then your substitute horse is the one with the lowest racecard number.
It is therefore suggested that you leave putting on your Placepot until just before the first race at your selected meeting so you can take account of any non-runners before the first race. Of course there may be further non-runners in later races after the first race has started though that's something you will simply have to live with as it's outside your control.
In very general terms the dividend (amount you can win if your Placepot is successful) is strongly influenced by the number of favourites or short-priced horses which do place. The more that do the smaller the dividend can tend to be. The more that do not €"with longer priced horses placing at the expense of favourites €" then the bigger the dividend.
Now you have an overview of the Placepot rules.
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