Place payoffs typically pay between $3.00 and $10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.
How does a place bet payout?
Place Bet. A place bet means you bet on a horse to come in the first two positions. You get a payout if your Horse comes either 1st or 2nd, and the payout will be smaller than the win bet. This result is because the top two finishers share the pool money.
How Much Is a Win Place Show bet?
A Win Place and Show bets can be placed for as little as a $2 “Across the Board” which would cost a total of $6 but you can also bet a horse for $2 straight for Win or Place or Show which will keep the cost down. Win: A win bet scenario involves the horse you think will finish in first place.
What is a win Place bet?
A win bet means your horse must win, a place bet means it must finish first or second and a show bet means it must be first, second or third though of course this means a lower payout.
What are the odds on a place bet?
5-7 runners: 1/4 odds a place for 1,2. 8+ runners: 1/5 odds a place for 1,2,3. 12-15 runners in handicaps only: 1/4 odds a place 1,2,3. 16+ runners in handicaps only: 1/4 odds a place 1,2,3,4.
How much does a $2 across the board bet cost?
The term “across the board” is shorthand for making three bets simultaneously: win, place and show. Therefore, a $2 across the board wager will cost you $6 ($2 to win, $2 to place and $2 to show).
How is show payout calculated?
Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.
Is across the board a good bet?
An across the board bet is fast and easy to make. It is also rarely a good idea. Really, it just doesn’t make much sense. If the horse finishes third you lose two of your three bets.
Do I win if my horse came 4th?
The ‘Win’ part of your bet is on your horse to finish first, and the ‘Place’ part is on your horse to finish either first or in one of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers). This works the exact same way for any horse race that you can bet on throughout the year.
What is the best bet to make in horse racing?
The win bet should be the key bet, especially for newcomers. Takeout (the amount of money that goes to the track that is not returned to bettors) for win, place, and show bets is less than most exotic bets. Most importantly, don’t bet two or more horses to win in the same race.