Place betting means betting on a runner finishing in one of the designated places.
This means finishing in the top 2, 3 or 4 depending on the number of runners in the race.
For example, in a race with 8 runners, you can get paid for finishing in the top three.
What are the differences Between Each Way and Place Betting
Each way bets consist of two bets and a place bet is just one.
Odds for each way stated as a fraction of the win odds.
Odds for place bets are a separate market and calculated independently of the win odds. Place bets pay the same for a win as for a place.
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