For a place bet to win, your horse must run a place. If a field has less than eight runners then place bets will pay on 1st and 2nd. Place only is a bet placed on a runner to run 1st, 2nd or 3rd subject to field size.
$10.00 a win at $5.00 returns $50.00 if your runner wins. For your bet to win, your selection must win the event.Į.G. Win only, or 'Straight Out', is a bet placed on a runner to win only. The following bet types are typical of win and place betting with online bookies and include Win, Place, Each Way, Starting Price, Best Fluc, Fixed Odds bet types and more. Horse Racing Info explains the most common horse racing bet types below.