![]() Online racebooks typically offer win bets by default when fans open the wagering interface for any race, so bettors must change the wager type to place before continuing.Įvery horse racing betting site has a unique wagering interface, but the basic layout is similar across the board. The only difference is that bettors must first select the type of bet they want to place. Place betting in horse racing is almost as easy as submitting a win bet on any horse. Getting 10-1 on a place bet is not uncommon in horse racing. ![]() As always, the odds depend entirely on how the public views each horse and the amount of money that pours into each betting pool. Moving further down the starting lineup, bettors can still get relatively attractive odds on less favored horses. Place Bet Odds And Payoffsīacking a horse with a place bet does not pay as well as backing that same horse with a win bet, but that’s to be expected in return for opening two paths to earning a payout: a first or second-place finish.Ī place bet on the race favorite often yields odds-on or even money payouts. ![]() Place bets in horse racing, along with win and show bets, are categorized as “ straight bets.” All other parimutuel wagers fall into the “ exotic bets” classification. ![]() When Place Bets Make Sense in Horse Racing. ![]()
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