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Place onlyA place only bet is a bet on your horse to place. Your bet is a winner if your horse places.
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Place onlyTo finish amongst the nominated placings of an event, usually 1st,2nd, or 3rd. Odds are normally one quarter (1/4) of the win odds for sport. In horse racing the bet is odds * (number of horses in the race) /60 = place price and no bet if there is an odds on in the race.
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