place bet
1 of 1noun/pleɪs bɛt/
Forms:place bets
1
a bet on a particular horse or team to finish in either first or second place, depending on the terms of the bet
A place bet is a type of wager commonly used in horse racing, where the bettor bets on a horse to finish in one of the top positions, typically first or second. Unlike a win bet, where the horse must finish in first place to win, a place bet allows for more flexibility, as the bettor can still win if the horse finishes in second place. The payout for a place bet is usually lower than for a win bet, as the likelihood of winning is higher. The rules for place bets can vary slightly depending on the specific event or track.
- If you’re unsure about who will win, a place bet is a safer option.
- The place bet paid out well because the horse came in second place, even though it didn’t win.
- Instead of betting on the winner, I went for a place bet to cover the possibility of a close finish.
- I had a place bet on the team to finish in the top three, so I was relieved when they came in second.