Horse Racing Betting Strategy: Placepots Explained
The Tote Placepot is the UK and Ireland’s favourite horse racing pool bet, offering punters the chance to win large payouts from small stakes, without even having to pick a winner. Betting on the Placepot is available at every horse racing meeting and through all leading online bookmakers.
To win by betting on the Placepot, bettors just have to select a placed horse in the races 1-6 on a selected race card, their stake going into a pool, and that pool then being divided between the winners.
The average Placepot dividend is £407 to a £1 stake and the record Placepot bet dividend is £91,774.50 to a £1 stake, achieved at the 2015 Cheltenham Festival.
At the 2019 Cheltenham Festival, one punter landed £182,568 from a £2 Placepot. At a massive £91,283.10 to a £1 stake, it fell just short of the biggest ever Placepot.
If this sounds like your kind of bet, then read on as this page explains everything about how to bet on the Placepot.
Placepot Betting Explained
To place a bet on the Placepot pool, punters must first select one horse in each of the first six races at their chosen British or Irish horse racing meeting. Any number of extra horses can also be selected for each race, but the more horses in the bet, the more the bet costs.
Calculating Placepot Costs
When calculating the total cost of your overall Placepot bet, you simply multiply your chosen stake by the number of selections picked in six races:
- e.g. if you have two horses in each race and your stake is 20p, your total bet would be: 2 x 2 x 2 x 2 x 2 x 2 x 0.2 = £12.80 (64 bets x 20p).
That is a very popular type of Placepot bet, but there are any number of different Placepot permutations to play with on this pool bet. Here are two other popular types of Placepots:
- Straight Lines - Pick one horse in each of the first six races. Stake a minimum of £1 to play: 1 x 1 x 1 x 1 x 1 x 1 - One line with a £10 unit stake = £10 total spend.
- 4 Bankers - Pick one horse in four races and two in two: 2 x 1 x 1 x 1 x 2 x 1 - Four lines with a £2.50 unit stake = £10 total spend.
The two things to remember are that the minimum unit stake is 10p (10p on each horse selected), and that the dividend is paid to the pound - so you get the amount listed in the dividend for every pound you staked, with rounding occurring for incomplete pounds
Where to Place a Placepot Bet
The Placepot is a pool bet, controlled by the Tote in the UK or Tote Ireland in Ireland. You can make your Placepot bet on-course at the Tote betting window, via the Tote online, or at any of the top online bookmakers and betting exchanges such as those listed on the table below.
|William Hill||Bet Now|
|Paddy Power||Bet Now|
What Places Are In The Placepot?
The placings considered places for the purposes of the Placepot change depending on how many horses run in the race. If you want to work out whether you horse has placed, this is how many places are paid in the Placepot by the number of runners per race:
|Number Of Runners||Places in Placepot|
|Up to 4 runners||1st|
|5, 6, or 7 runners||1st, 2nd|
|8-15 runners in handicaps||1st, 2nd, 3rd|
|8+ runners in non-handicaps||1st, 2nd, 3rd|
|16+ runners in handicaps||1st, 2nd, 3rd, 4th|
What Happens If You Have A Non Runner In A Placepot?
If any horse you select for your Placepot bet is a non-runner, your stake will be placed on the SP favourite - the horse that starts the race as the favourite. If there are joint or co-favourites, then your money will go on to the favourite with the lowest saddlecloth number.
Placepot Betting Strategy
Favourites are the Placepot dividend’s enemy; the smallest payouts come when the favourite places in every leg of the bet as they will nearly always be the most selected runner by players, so it pays to avoid the favourite when betting on the Placepot if you can find something else to hit the places instead.
A popular Placepot betting strategy is picking a few banker selections, and building a bigger group of runners in your placepot perm for trickier races. A Placepot selection is considered a banker if it is the only horse you decide to choose in the race. It means you have put all your faith in that one horse.
Picking your Placepot bankers is a key opening step to building your placepot perm. Look for a consistent horse, who might not always win, but always runs well and finishes in the placings the majority of the time or go all in with the odds on favourite who just shouldn't get beat. Once you have your banker, or bankers, aim to pick at least two horses in each of the other races to increase the chances when the choice is less obvious.
By picking a banker or bankers, you keep the number of bets in your placepot perm manageable rather than staking lots trying to cover all eventualities. There is lots of skill required in landing the placepot consistently, but there is lots of luck needed too and it's one of the bets that offers a chance for huge rewards from a small stake, allows for an interest throughout the card at a race meeting and truly adds to a day at the races or a day spent watching it at home on the TV.
Other Popular Pool Bets
If you enjoy betting on the Placepot, you might also be interested in betting on other race-by-race pool bets. The Tote has a wide array of horse racing pool betting options, all available to bet on through horse betting sites:
|Pool Bet Type||Pool Bet Explained|
|Quadpot||The Quadpot is the same as the Placepot, but includes four races instead of six. Pick at least one horse in each race, and if they all place, you get a return.|
|Jackpot||The Jackpot bet is available on one meeting every day, except Saturday. Pick a horse in the first six races, and if they all win, you win your share of the pool. It’s extremely hard to win, so rollovers are common and payouts massive.|
|Scoop 6||The Scoop 6 replaces the Jackpot on Saturday’s. The aim is to pick the winner of six selected races, usually all shown live on terrestrial television. The pools can often grow well above £1million, with three separate funds paying out: the Win, Bonus, and Place funds.|
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