Date published: January 15, 2021
Category: Football
The Placepot is a popular bet with both novice and pro punters and can be placed online at the racecourse or in betting shops with those bookmakers which offer them.
Placepots are an attractive betting option due to the fact large sums of money can be won from relatively small stakes and because you don’t actually have to pick winners. Instead, you simply need to select horses which you think will finish in a place position.
In this guide, we’ll be looking at what Placepots are, how they work and showing you which bookies do Placepots.
| Tote.co.uk | Placepot / Quadpot / Jackpot / Exacta / / Win/Place / Scoop6 / Survivor / Trifecta / Swinger / Quinella | Visit |
| William Hill | Placepot / Quadpot / Totejackpot | Visit |
| Betfred | Placepot / Quadpot / Jackpot / Exacta / Trifecta / Win/Place / Scoop6 | Visit |
| Bet365 | Placepot / Quadpot / Totejackpot | Visit |
| Betfair | Placepot / Quadpot / Jackpot / Win/Place/Each Way / Exacta / Trifecta / Jackpot / Scoop6 | Visit |
| Boylesports | Placepot / Jackpot / Win/Place/Each Way / Exacta / Trifecta | Visit |
UK customers only. 18+. Place your first bet on Pools and if it loses we’ll refund your stake in cash. Max refund is £10. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply. Full T&Cs Apply.
Below, you will find today’s Placepot races at eligible meetings as well as the amount staked in the pool , this is updated throughout the day .
The Tote was formed in 1928 by the UK Government with the aim of providing a safe alternative to illegal off-course bookmakers and so that some of the revenues generated by gambling could be fed back into horse racing.
The first highstreet Tote betting shop opened in 1972 and over time more than 500+ were opened across the UK and Ireland.
Although The Tote was originally formed by the UK Government, it was sold to Betfred in 2011 who obtained a 7-year licence to exclusively provide pool betting services at UK racecourses. In October 2019, the business was sold to UK Tote Group.
Tote.co.uk has now launched with a new website offering a range of different pool betting options. They also offer an excellent sign up offer for any new customers. Our review of the Tote website can be found here
UK customers only. 18+. Place your first bet on Pools and if it loses we’ll refund your stake in cash. Max refund is £10. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply. Full T&Cs Apply.
The Tote Placepot is one of a number of betting products offered by The Tote with others including Scoop6, Tote Jackpot and Quadpot.
There is a Placepot for each race meeting every day with punters having to select a horse from the first six races of the day unless otherwise stated. You can select multiple horses in each race and this is then known as a Perm bet , this will tend increase your overall Placepot stake.
All of the stakes bet on a Placepot are put into a pool and divided between winners after deductions have been made.
To win a share of the Placepot dividend, you must have at least 1 selection placed in each race. The number of places offered in each race will depend on the number of actual runners as shown below.
| Number of Runners | Placepot Places |
|---|---|
| Up to 4 runners | 1st |
| 5, 6, or 7 runners | 1st, 2nd |
| 8+ runners in non-handicaps | 1st, 2nd, 3rd |
| 8-15 runners in handicaps | 1st, 2nd, 3rd |
| 16+ runners in handicaps | 1st, 2nd, 3rd, 4th |
As mentioned, you do have the option of selecting more than one horse in a race. This is often a popular choice when there is a large field or you’re unable to decide on just one selection.
If you select just one horse from each of the six races, you will only be betting on one line and so your total stake will be whatever you enter. However, if you add more than one horse in one or more of the races, your stake will be increased as you will be placing multiple lines.
To calculate your Placepot stake on a perm bet , simply multiply the number of selections you have chosen in each race.
For example:
1 x 3 x 1 x 2 x 2 x 1 = 12 lines.
Therefore, your total stake will be 12 times your stake per line. If you were placing a £1 bet per line, your total stake would be £12.
The minimum stake per line for Placepot bets is 1p and the minimum overall stake is 50p. This was reduced from 5p / £1 and allows punters to place big permutations without risking large amounts.
There is the option of backing the un-named favourite in any of the six races. When this option is selected, your selection will be the Starting Price (SP) Favourite.
If there is a joint-favourite, the selected horse will be the one which has the lowest racecard number.
The Placepot dividend is the amount in the prize pool which is shared by winners and is to a £1 stake.
For example, in 2019 at the Cheltenham Festival, the prize pool was £958,481,10 and there were 10.5 winning units which meant the dividend was £91,283.10. One lucky punter placed a £2 bet on a winning line and so collected a whopping £182,567.80!
If the winner had placed a £0.10 bet, they would have received 10% of the dividend.
Placepot winnings are calculated by dividing the total stakes in the prize pool by the number of winning tickets after the bookies deductions have been made.
The deductions are a set percentage of the pool and vary between the Tote betting products.
An example of William Hill Tote deductions can be found below.
| Win | 19.50% |
| Place | 20% |
| Exacta | 25% |
| Quadpot | 26% |
| Swinger | 30% |
| Placepot | 27% |
| Trifecta | 25%% |
| Jackpot | 29% |
| Scoop6 | 30% |
| Win | 20% |
| Place | 25% |
| Exacta | 30% |
| Placepot | 30% |
There are a number of bookies which offer Placepot betting and other Tote bets. We have listed some of the most popular bookies to place Tote bets with below.
The Tote is the No.1 place for placepots and other pool bets with the full range of betting options.
UK customers only. 18+. Place your first bet on Pools and if it loses we’ll refund your stake in cash. Max refund is £10. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply. Full T&Cs Apply.
In 2020, Tote released a new Placepot app which aims to make Placepot and Quadpot betting quicker and easier.
The Tote Placepot app contains a number of features including:
You can download the Tote Placepot app for free for both iOS and Android devices from the associated app stores.
William Hill offer a number of Tote betting options such:
18+. Play safe. New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply.
Betfred have one of the best selections of pool betting products with customers having the choice of:
New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry.Full T&Cs apply.
Bet365 are one of our most high-rated bookies and offer the following pool betting options:
Another great option for your Tote bets is with Betfair Sportsbook where you have the following options:
New customer offer. Place 5 x €10 or more bets to receive €20 in free bets. Repeat up to 5 times to receive maximum €100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs / wagering reqs apply.
Boylesports is another bookie offering a number of Tote betting options such as:
18+ T&Cs apply. Cash stakes only. Min £10 stake required for initial £5 free bet. Min odds ½. Max £25 in free bets. Subsequent free bets equal 50% average of each 3 qualifying bets. 13 bets required to receive full £25 free bet. Qualifying bet must be placed within 30 days of opening account. Free bet expires after 7 days. Payment method restrictions apply
