A placepot is a swimming pool bet that includes choosing a horse to end up in the locations in the very first six races of a race conference.
It's an easy bet, that does not require a horse to win, simply surface within the stated locations of a race. If your Placepot achieves success you will win a dividend.
It is possible to choose more than one runner in each race and increase the possibilities of a successful bet and this is understood as perming. The stakes from a Placepot are gathered into a pool which is then shared amongst the winning tickets.
A Placepot is a popular bet for conferences such as the Cheltenham Festival and it can possibly offer big benefits from small stakes.
How are placepot earnings computed?
Placepot profits are determined by simply splitting the overall swimming pool among the winning lines. For instance; 10 winning ₤ 1 lines of a ₤ 100,000 Placepot pool, before deductions, would pay ₤ 10,000 per effective line.
You can select more than one horse in each race, which would increase your overall stake, however it is possible to reduce the unit 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 important since the earnings would be calculated by the number of effective lines and not the total stake of the bet. If 2 of the 36 10p lines were winners you would gather a 20p share of the dividend.
The dividends vary depending on the variety of winning shares. If a favourite or fancied runner is positioned in every race of the Placepot the payout is most likely to be low as more tickets will be sharing the swimming pool. However, if there are less popular choices filling the frame, the dividends can be substantial.
How to bet on Horse Racing
Can I put a placepot with bet365?
Yes. The Placepot is offered at all UK and Irish race meetings and selected International events at bet365.
What are the location terms for Placepots?
Placepot location terms are basic throughout every conference. Finishing positions that count as a location are reliant on the numbers of runners and conditions of the race. A race with 2-4 individuals would only pay a single place, but a handicap with 16 or more runners would provide 4. Below is a complete list of the Placepot location terms.
2-4 runners = 1st
5 -7 runners = 1st & second
8-15 runners = 1st, second & 3rd
Non-handicap of 16 or more runners = 1st, 2nd & 3rd
Handicap of 16 or more runners = 1st, second, 3rd & fourth
How to put my placepot
Login into your bet365 account and click the horse racing page. Select the Placepot option for your picked racecourse and you'll be required to the race card for the very first race of the day.
Add your selections to that leg and continue until you have at least one horse in each occasion. Once you've finished your line or perms enter an until stake and place your bet.
Remember the tiniest dividends are returned when favourites and the most selected horse fill the locations. It can pay to avoid those at the head of the wagering and enjoy the rewards when less considered horses get in the mix.
