# How much does a win Place bet cost?

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## How much is a \$10 Win Place Show bet?

If you place a \$10 each-way bet with a place and show bet, you will end up paying \$20 (\$10 is allocated to the place bet, while another \$10 is allocated to the show bet). Your selected horse merely needs to finish second to win both bets or finish in third to win half of your bet.

## How much is a \$2 Win Place Show bet?

With an across the board bet, you are essentially betting on a horse to win, place, and show all at once. To do it, you’ll have to put a minimum of \$2 on all outcomes, which would mean a minimum \$6 for all three bets.

## How Much Is a Place bet?

Place payoffs typically pay between \$3.00 and \$10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.

## How is Win Place Show payout calculated?

Win payouts are based on a \$2 wager. Multiply the Tote-Board odds times \$2 and then add the \$2 wager back. For example, #8 is (7-1), so 7 x \$2 = \$14, Add \$2 = \$16 payout. To calculate prices for odds other than X-1, simply convert the (fractional) odds to a decimal equivalent and do the same calculation.

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## What does it mean to bet Win Place Show?

Wagering Types

The basic bet types are of course win, place and show. A win bet means your horse must win, a place bet means it must finish first or second and a show bet means it must be first, second or third though of course this means a lower payout.

## What is the payout on a show bet?

“Today a show bet can pay \$2.10 or \$2.20. In the days with full fields, you could bet a horse that was first or second favorite and get \$3.20.” A fun game for novices is the show parlay, where you take all the money you won on one race and just keep adding it to wagers you make in each subsequent race.

## Does a place bet pay if the horse wins?

In Horse Racing, this is the number of runners in a race. Where there are 8 or more runners in a race, a place is paid on first, second and third places. Where there are 7, 6 or 5 runners in a race, a place is paid on first and second places only. This will be shown in the race result as No Third Dividend.

## How do place bets work?

Put simply, to win a place only bet, the horse needs to finish in one of multiple positions. In a win bet, however, the horse must win, otherwise there is no pay out. Due to the wider number of winning possibilities for the bettor, place bets may not be available in certain scenarios.

## What odds do you get for a place?

8+ runners: 1st, 2nd & 3rd place @ 1/5 odds. Handicaps 12-15 runners: 1st, 2nd & 3rd place @ 1/4 odds. Handicaps 15+ runners: 1st, 2nd, 3rd & 4th place @ 1/4 odds.

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