Place betting challenges you to pick a runner to "Place" in a race. Most of the time "Place" means to finish 1st, 2nd or 3rd, although races that only have a small number of runners, less than eight, "Place" may mean to finish 1st or 2nd.
If your pick does Place then every dollar that you bet will collect the Place dividend for that runner e.g if you bet $5 to Place and your pick comes 2nd and pays $1.50 then you collect $7.50. If it pays $3.50, you collect $17.50.
Minimum field size for Place betting: There needs to be at least five runners left in a race for a Place bet to remain valid. If there are less than five runners all Place bets will be refunded.
Minimum Bet: The minimum amount for a Place bet is $1.
Scratchings: If your pick is scratched (withdrawn) from a race after you have made a Place bet on it, your bet will be refunded when the race is resulted.
Dead Heat: Should there be a dead heat for 3rd and 4th places in a race with three Place dividends, then Place dividends will be declared for both runners involved in the dead heat - these dividends will be half of what they would have been if the runner had finished 3rd outright. Place dividends in such circumstances will not be less than $1.00 (money back).
Abandonment: Any Place bet made on a race that is later Abandoned will be refunded.
Note: Place betting is a Tote product. Final Field Top 3 (displayed as FF-Plc on the betslip) is available for Fixed Odds Betting.