We take a look at Open and Fixed Place bets in this week’s edition of our horse racing player education series.
Open Place Bet
Where there are 6 or 7 runners, including where the field is reduced by scratchings or withdrawals, the Operators may offer a place pool where dividends will be paid in respect of the horses placed first and second. Where a dividend is not declared all place bets will be void. Where there are 8 to 15 runners, 3 places will apply. Where there are 16 or more runners, 4 places will apply. The Operators may offer dividends for more than four places in selected races or events.
Fixed Place Bet
This is when the selected horse finishes in a place position, determined by the number of runners in that race. For Example:
3 or Fewer – Nil
4 to 6 – 2 places
7 to 13 – 3 places
14 or more – 4 places
