Place

Place in betting refers to a type of wager where your selection must finish within a certain number of top positions to win. It is commonly used in horse racing, greyhound racing, and outright markets.

For example, in a horse race with 10 runners, a place bet might require your horse to finish in the top 3 to win. The exact number of places paid depends on the bookmaker and event. Place bets usually have lower odds than win bets since they allow for more outcomes.

A place bet is often part of an Each-Way (EW) bet, where half the stake goes on a win bet and the other half on a place bet.