Place betting is a relatively new form of betting in the sense that not many people are actually aware of it and very few bookies offer 'place' only bets, but don't let. A place bet is backing a horse to run in the first three places. Many people like to back EW when they think a horse is too big a price to back to win only and a place will give them some returns for their bet. If I can make K per month that will help me out massively! Another example was the Lincoln Handicap which was run today 30th March where I placed 6 bets. Not bad going at all. In North America, particularly in North American horse racing, a Place Bet has a slightly different meaning. Great profits over the four days. June 19, at 6: December 6, at 8: You tend to see that happening on something like the Grand National or a golf tournament. What are place terms? Here is a recent case in point. July 1, at 1: Some of the selections, and the process makes absolutely no sense at all, and this is reflected in the losing runs. As we know Betfair does not care whether you win, or lose, as it is an exchange where you are betting, or trading against other Betfair customers, with Betfair taking a commission no matter who comes out the winner. Do you think that the seasons would or should affect the selection process? Washington Heights back in Australia. Patrick Lynch November 7, Betting Knowledge , Betting Stats , Betting Strategies , Betting Systems , Horse Racing 5, Views.