place bet

Stake on silver

A place bet is a wager that a horse or greyhound will finish first or second in a race.

In American horse racing, it pays if your selection comes in first, second, or third.

The term extends to any bet on position rather than outright victory: I'll place a bet on the favorite to show.

Related
  • wagerStake on uncertainty
  • gambleStake on uncertain outcome
  • stakeSharpened post or share
  • oddsLikelihood expressed numerically
  • long oddsUnfavorable probability ratio

bookmaker · horse · track · racing · race track · casino · lay · punt · chips · longshot · sure thing · ticket · bookie · payoff · risk · win · lose · spread

Categories
Opposites
bet type specificity

place betstraight bet

Gamble on one selection

exacta · trifecta · superfecta · pick six · daily double

betting action

place betcash out

Convert assets to money

abstain · fold · pass · sit out · hold back

Family

place, bet, places, placed, placing, placement, placements, bets, betting

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