Betting to Place
Position – Your horse has to come in second or first.
Next to the win bet, the Position wager is one of the earliest and most traditional. Having a place bet, your horse must finish first or second. The wager pays the same if your horse wins or not.
Place and Show bets are much more conservative, as you are giving yourself room for error since your horse can finish first or second, or first, second or third in the event of show. However this implies that the payoffs are somewhat lower because you’re sharing the place payoff with another horse or 2. They are are most widely used together with other wagers, for example”win and place”,”across the board” or”win, place, and show”, or”location and show”.
Put payoffs and outcomes Place payoffs typically pay between $3.00 and $10.00, but might cover more with longshots and less with overwhelming favorites. Since the money you win at a place bet is made by each the money bet on the losing horses, the greater horses at the race the higher your chances for a larger place payoff.
Reading the Tote Board
1 important distinction is that the Place swimming pool is an entirely different pool than Win. It follows that horses might be bet differently in each of the pools. At a location wager, because you don’t know which other horse will place, it is difficult to forecast your prospective location payoffs. However, by comparing the place dollars to the win bucks, you can check the percentage of dollars on your horse to place.
By way of instance, taking a look at the #1 horse below, we could see he has roughly 10% of the win pool, using $2,011/$20,000 = 10%. If we utilize the Win chances for a yardstick, we’d expect the #1 would have about 10 percent of the Place pool wager on him, or $1,000 of the 10,000 Place pool. However, we can observe that #1 includes just $622 bet to place, or nearer to 6 percent of the pool. This usually means that the #1 is paying better chances from the Place pool. The #1 is 8-1 to Win, however he’s being wager like a 14-1 at the Place pool and will pay more accordingly.
That is similar to bargain shopping, once we get the worth of a bigger payoff when it”should” offer a lesser payoff. The”should” is based on the assumption that the Win odds are more correct the Place odds. That is a plausible assumption, however, since the Win chances are easier to see and more attention is paid to them, it’s more probable that the Win chances are a truer reflection of their horse’s chances. Keep in mind that if the 1 wins he will still pay more to win than to put (since Place has to be divided with a different horse), but the #1 really is a fantastic value in the Place pool. In this case, it may make sense to bet the #1 just to Place.
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