How to Place A Placepot

A placepot is a pool bet that includes selecting a horse to complete in the locations in the very first six races of a race conference.


It's an easy bet, that doesn't require a horse to win, simply finish within the stated locations of a race. If your Placepot achieves success you will win a dividend.


It is possible to pick more than one runner in each race and increase the chances of an effective bet and this is known as perming. The stakes from a Placepot are gathered into a pool and that is then shared amongst the winning tickets.


A Placepot is a popular bet for conferences such as the Cheltenham Festival and it can possibly offer huge rewards from little stakes.


How are placepot jackpots computed?


Placepot profits are determined by merely splitting the total swimming pool amongst the winning lines. For instance; 10 winning ₤ 1 lines of a ₤ 100,000 Placepot swimming pool, before reductions, would pay ₤ 10,000 per successful line.


You can select more than one horse in each race, which would increase your total stake, however it is possible to decrease the system stake and lower the expense of the bet. For example; the following selections 3 x 2 x 1 x 3 x 2 x 1 would work at 36 lines. A 10p system stake would make the overall cost of the bet ₤ 3.60.


This is very important because the winnings would be computed by the number of successful lines and not the overall stake of the bet. If two of the 36 10p lines were winners you would collect a 20p share of the dividend.


The dividends change depending upon the variety of winning shares. If a preferred or fancied runner is placed in every race of the Placepot the payout is most likely to be low as more tickets will be sharing the swimming pool. However, if there are less popular choices filling the frame, the dividends can be substantial.