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Tote Placepots are a popular bet with both novice and pro punters and can be placed online or in betting shops with 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.
|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|
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 has since opened 500+ more 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.
The Tote Placepot is one of a few betting products of The Tote with others including Scoop 6, Tote Jackpot and Quadpot.
There is a Placepot for each race meeting with punters having to select a horse from the first six races of the day unless otherwise stated by the bookie. You can select more than one horse in each race but this will 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, all six of your selections must place. The number of places offered in each race will depend on the number of 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, simply multiply the number of selections you have chosen in each race.
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.
Deductions are a set percentage of the pool and vary slightly between bookmakers.
An example of William Hill Tote deductions can be found below.
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.
William Hill offer a number of Tote betting options such:
18+, new online customers only, min £10 stake, win only, min odds 1/2, free bets paid as 2 x £15, 30 day expiry, free bet/payment method/player/country restrictions apply, further T&Cs apply, begambleaware.org
Betfred have one of the best selections of Tote betting selections with customers having the choice of:
New 18+ UK customers only. Promo period from 00:00 15/07/19 to 23:59 05/08/19. Register using the promo code SPORTS60, deposit and place first bet of £10 (Evens+) in one bet transaction which settles within the promotional period. £30 in Free Bets credited within 10 hours of bet settlement and expire after 7 days. Additional £10 in Free Bets only credited if first bet doesn’t win. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required. Full T & Cs Apply.
Bet365 are one of our most high-rated bookies and offer the following Tote betting options:
Another great option for your Tote bets is with Betfair Sportsbook where you have the following options:
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