1. What Does Scr Mean In Horse Racing
2. Horse Racing Place International Terms
3. Horse Racing Place Bet

Place terms in horse racing apply to a couple of different betting scenarios. You will find examples of Place terms across many different sports, but it is more commonly used in horse racing than anywhere else.

PLACE BET- Wager on a horse to finish first or second. PLACING JUDGES- Officials who determine the order in which horses reach the finish line. PLATTER- Claiming horse. PLATES- Shoes horses wear in races. POCKET- Boxed in, shut off. E.g.1st - Favourite to Win, 2nd Your Horse. Boxed means that your Selections in a Racing Exotic (Quinella, Exacta, Trifecta, First 4) can finish in any order. Racing Futures are available on selected events and are offered on either an all-in or pre-nominations basis. Each Way - UK term for betting on a horse to win and/or 'Place'. An each way bet is when you have the same amount on the horse for a win and for a place. Bookmakers will give you one quarter of the win odds for a place in fields of eight or more and one third of the win odds in fields of six or seven horses.

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What are Place terms?

What Does Scr Mean In Horse Racing

You will see something like 3 Places at 1/5odds on a horse race. This means that any payout on a Place bet would be doneat 1/5th of the original odds. So if you backed a horse at 10/1 the Place oddswould be 2/1 odds.

A Place in horse racing is a designated numberof finishing Places in the race.

Where will I see Place terms listed?

This will be available on any race card at any bookmaker for all races. Here is an example of where to look for Place terms at Bet365.

What determines Place terms?

There is an industry standard in racing sothat Place terms are all the same across all bookmakers. It is the type of raceand the number of runners within it that actually determine the Place terms.

Each Way betting

Each way betting is when a stake is split in half over two bets. For example a £10 total stake on a Red Rum each way bet at 10/1, would mean that £5 goes to a Win bet and £5 to a Place bet. The Place terms are at 1/4.

If Red Rum wins:

You get paid at 4/1 odds for the win bet: £5 @4/1 returns = £20 profit and £5 stake back

You also get paid for the Place bet: £5 @ 1/1(which is 1/4 of 10/1) returns = £5 and £5 stake back.

If Red Rum Places:

You get nothing from the 4/1 odds for the winbet

You get paid at even money for the Place bet:£5 @ 1/1 (which is 1/4 of 10/1) returns = £5 and £5 stake back.

If Red Rum loses (doesn’t finish high enough for even a Place finish)

Both bets lose

Horse Racing Place International Terms

Place Betting

This is different from an each way bet, butstill involves Places. In a Place bet you are simply backing your selection tomake, for example, the top three in a race (or whatever the Places for a givenrace are). It doesn’t matter if the horse finishes first, second or third youwill get paid at the same odds.

Note you will have a very hard time finding a bookmaker that accepts Place only bets. The Tote would be the Place to really go as you get things like a Placepot. That’s where you select a horse to Place from six designated races.

Bookie Specials

Note that bookmakers do offer a lot of specialpromotions that allow you to take extra Places. For example when the big GrandNational comes around, then a bookmaker may extend the Places by adding threemore on to the regulation four that would be available.

Changes happen

If you have backed a horse early in the day in an each way bet, then things could change by the time the race goes off. This will happen when non-runners crop up. Let’s say that it was a race of 8 horses which is at 1/5 Place terms on three Places. If a horse drops out then the Place terms on that heat will shift to 1/4 on the first two Places. Because of having a runner less, it would fall into a different bracket for Place Terms (see the table above for reference).

Horse Racing Place Bet

Want to learn more about horse racing? Check out our other comprehensive beginner guides.