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Is there a difference between Place betting and Each Way betting?

  • 15-03-2012 5:36pm
    Registered Users Posts: 11,372 ✭✭✭✭

    I'm sure this is a stupid question, but is there a difference between place betting and each way betting?

    I know each way has the win element and the place element, so is there any way of betting on a horse just to place?

    Can't seem to find this option on the Paddy Power site.. Is it only available in store?Or does it even exist?

    The reason I ask is because I spotted this in the ''more markets explained'' ad on PP site -

    ''If you think that the horse you fancy is unlikely to win a race, but will still put up a good show, Place Betting could be the perfect solution for you.

    If you bet on a horse to finish in a place, you are backing the horse to finish in the top 2, 3 or 4, depending on the number of runners in the race.''

    Any help would be very much appreciated, thanks!


  • Registered Users Posts: 749 ✭✭✭cup of tea

    On PP at the top of the racecard you should see 'all markets', click on that and you will see an option to back for a place

  • Registered Users Posts: 11,372 ✭✭✭✭Eod100

    Thank you cup of tea (never thought I'd be thanking a cup of tea! :P )

    tbh, I never even realised that option existed!

  • Closed Accounts Posts: 1 Sandram1836

    For place betting you still get paid the same price if it wins, even if it places... Each way is probably a better option!

  • Registered Users Posts: 725 ✭✭✭Funfair

    Basicly the difference is

    Eachway : your making 2 bets, one for the win part & the other the place bet so a fiver E/W will cost you €10. If the horse wins at 12/1 you get the win part which returns €65 & the place bet returns €20 at 1/4 odds so for your €10 you win €85

    Place bet : is one bet your backing a horse to finish placed normally in the first 3. you get paid the same money if the horse finnished first, 2nd or 3rd you are not backing to win so a fiver place bet will cost you €5. If the horse wins at 12/1 you get place money only which at 1/4 odds you win €20