How To Place A Placepot
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A placepot is a swimming pool bet that includes picking a horse to end up in the places in the first 6 races of a race conference.
It's a simple bet, that does not require a horse to win, simply finish within the stipulated places of a race. If your Placepot achieves success you will win a dividend.
It is possible to pick more than one runner in each race and increase the chances of a successful bet and this is called 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 potentially provide big benefits from little stakes.
How are placepot payouts calculated?
Placepot profits are computed by merely splitting the total pool among the winning lines. For example; 10 winning ₤ 1 lines of a ₤ 100,000 Placepot pool, before deductions, would pay ₤ 10,000 per successful line.
You can choose 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 cost of the bet. For instance; the following choices 3 x 2 x 1 x 3 x 2 x 1 would operate at 36 lines. A 10p system stake would make the total cost of the bet ₤ 3.60.
This is very important since the profits would be calculated by the variety 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 change depending upon the variety of winning shares. If a favourite or fancied runner is placed in every race of the Placepot the payment is most 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 big.
How to bet on Horse Racing
Can I place a placepot with bet365?
Yes. The Placepot is readily available at all UK and meetings and picked International events at bet365.
What are the place terms for Placepots?
Placepot place terms are standard throughout every conference. Finishing positions that count as a location are dependent on the numbers of runners and conditions of the race. A race with 2-4 participants would just pay a single location, but a handicap with 16 or more runners would provide four. Below is a complete list of the Placepot place 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, 2nd, 3rd & fourth
How to put my placepot
Login into your bet365 account and click the horse racing page. Select the Placepot choice 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 till you have at least one horse in each event. Once you've completed your line or perms enter an up until stake and location your bet.
Remember the tiniest dividends are returned when favourites and the most picked horse fill the locations. It can pay to avoid those at the head of the wagering and reap the rewards when less thought about horses get in the mix.