An each-way bet is a wager offered by bookmakers consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the. Place betting means betting on a horse finishing in one of the designated places. In practice this means finishing in the top 2, 3 or 4 depending on the number of. A place bet is backing a horse to run in the first three places. If the favorite runs out of the top two spots the place payout will be larger, simply because the money bet on the favorite to place is now available to the holders of winning place tickets. Forum Tips Strategies Advice Articles Terms Books. The total amount of money bet into the place pool on a race, and the amount bet to place on each horse, is displayed on the tote board at most modern racetracks. You want to bet on races where the maximum number of places are paid out and this all depends on the number of runners taking part. Finding the right profile One of the other keys to profitable place betting is finding horses that fit a certain profile. What is a Goliath Bet? Where the win yields a handsome profit but the place would still cover your outlay, or perhaps leave a small win, these can be great bets. The house edge on the 5 and 9 is 4-percent. Home Top 10 New Sites Free Bets Betting Offers Bookmakers Glossary Tips Banking Articles. CLICK HERE TO MAKE PLACE BETS AT ONE OF THE BEST RACEBOOKS ON THE WEB! Popular Articles Goodwood Festival Horse Racing Trends Day 5 Andy Newton. Whichever you choose, the way to bet is the same.