{"id":722,"date":"2022-09-26T23:31:35","date_gmt":"2022-09-26T23:31:35","guid":{"rendered":"https:\/\/bfhubprod.wpengine.com\/hub\/?p=722"},"modified":"2024-09-11T14:52:16","modified_gmt":"2024-09-11T04:52:16","slug":"place-betting","status":"publish","type":"post","link":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/","title":{"rendered":"UNDERSTANDING PLACE BETTING"},"content":{"rendered":"
\n
\n
\n

1. How Often Does a Horse Run a Place?<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

Over the years, I\u2019ve had a number of punters ask me about place betting strategies and whether they are likely to win. On the surface it seems like a good idea to find horses that you really like to win and then back them to place. You will enjoy more regular collects, turn what would have been some losing days into winning days and the profits will slowly accumulate, right?<\/p>\n

Unfortunately, what is good in theory doesn\u2019t often translate to practice and that\u2019s certainly the case with place betting. The reality is that on average, the value in place betting markets is significantly less than win betting markets and is therefore much more difficult to profit from.<\/p>\n

To properly analyse the merits of place betting you first need to understand how often a horse that has a certain chance of winning, will actually run a place. Consider an example where you like a horse in the market at $6.00 and believe it\u2019s closer to a $4.80 or $5.00 chance. Do you know how often this horse can be expected to run a place?<\/p>\n

In the example above, assuming your $4.80 to $5.00 assessed price is correct, you can expect the horse to run a place (1st to 3rd) 52% \u2013 53% of the time. It\u2019s easy to think that you like a horse so much and feel so confident about its chance of winning, that it\u2019s almost certain to run a place, but the reality is far different.<\/p>\n

The table below shows the historical place strike rate of horses based on their true win price \/ actual win percentage.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
True Win Price<\/th>\nActual Win %<\/th>\nActual Place %<\/th>\n<\/tr>\n<\/thead>\n
$2.00<\/td>\n50.0%<\/td>\n81.0%<\/td>\n<\/tr>\n
$2.50<\/td>\n40.0%<\/td>\n74.0%<\/td>\n<\/tr>\n
$3.00<\/td>\n33.3%<\/td>\n68.0%<\/td>\n<\/tr>\n
$4.00<\/td>\n25.0%<\/td>\n59.0%<\/td>\n<\/tr>\n
$5.00<\/td>\n20.0%<\/td>\n52.0%<\/td>\n<\/tr>\n
$7.50<\/td>\n13.3%<\/td>\n41.0%<\/td>\n<\/tr>\n
$10.00<\/td>\n10.0%<\/td>\n34.0%<\/td>\n<\/tr>\n
$15.00<\/td>\n6.7%<\/td>\n26.0%<\/td>\n<\/tr>\n
$21.00<\/td>\n4.8%<\/td>\n20.5%<\/td>\n<\/tr>\n
$26.00<\/td>\n3.8%<\/td>\n17.0%<\/td>\n<\/tr>\n
$31.00<\/td>\n3.2%<\/td>\n15.5%<\/td>\n<\/tr>\n
$51.00<\/td>\n2.0%<\/td>\n10.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Note: This does not mean that a horse $5.00 in the market has a 52% place chance.<\/p>\n

On average horses at $5.00 in the market only win approximately 18% of the time, not 20%. They\u2019re true win price is closer to $5.50, which means they will run a place approximately 49.5% of the time.Once you have an understanding of the expected place strike rate for a horse\u2019s true winning chance, you can work out the correct place price.<\/p>\n

Two Place Prices<\/p>\n

Actual Win % True Win Price Actual Place % True Place Price
\n50.0% $2.00 81.0% $1.23
\n40.0% $2.50 74.0% $1.35
\n33.3% $3.00 68.0% $1.47
\n25.0% $4.00 59.0% $1.69
\n20.0% $5.00 52.0% $1.92
\n13.3% $7.50 41.0% $2.44
\n10.0% $10.00 34.0% $2.94
\n6.7% $15.00 26.0% $3.85
\n4.8% $21.00 20.5% $4.88
\n3.8% $26.00 17.0% $5.88
\n3.2% $31.00 15.5% $6.45
\n2.0% $51.00 10.5% $9.52<\/p>\n

Example: If you assess that a horse\u2019s real chance of winning 20%, then it\u2019s true win price should be $5.00 and its true place price should be $1.92<\/p>\n\n <\/div>\n <\/div>\n \n \n \n

\n
\n

2. Calculating Win & Place Value<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

If you find a horse in the market at $6.00 that you think is actually a $5.00 chance then the profit edge for the win price on that bet is 100 \/ 5 x 6 = +20% POT. If your assessed price is right and you back enough horses at $6.00 that are really $5.00 chances then in the long-term you will make +20% profit on turnover.<\/p>\n

But what about the place betting value? From the table above, you know that if a horse\u2019s real chance of winning is 20% \u2013 $5.00 then it\u2019s place chance is on average 52% or a true place price $1.92.<\/p>\n

This knowledge allows you to compare the place prices on offer in the market against the \u201ctrue price\u201d to determine the value.<\/p>\n\n <\/div>\n <\/div>\n \n \n \n

\n
\n

3. Place Prices in the Market<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

When it comes to fixed odds, when there are 8+ runners in a race paying three place dividends, Corporate Bookmakers will generally offer somewhere between 18% and 23% of the win odds as the place price. There are isolated cases where they offer the traditional one quarter odds (25% of win odds) as the place price.<\/p>\n

On a day to day basis the average is more like 21%-22% of the market win odds as a fixed place price. Exchange prices can vary and its worth remembering that like Bookmakers, Exchange layers are also trying to play with the odds in their favour.<\/p>\n

The horse you like at $6.00 in the market is on average going to be approximately $2.05 as a fixed place price. $6.00 is 5-1 odds and 21% of 5-1 is 1.05-1 = $2.05<\/p>\n

You assess the horse as a $5.00 chance, which makes the $6.00 win price +20% value. The true place price is $1.92, so if you are getting $2.05 the place, your place value is: 1 \/ 1.92 * 2.05 = 106.7 or in other words +6.7% profit on turnover. Even if you secured 22% place odds or $2.10, the place edge is still only +9.4%.<\/p>\n

This highlights the fundamental problem of place betting in today\u2019s markets.<\/p>\n

\u201cThe betting market rarely offers you the right price to achieve the same value as the win betting opportunity.\u201d<\/strong><\/p><\/blockquote>\n

You may think that taking \u201cbest tote\u201d to place will give you the right price but that\u2019s only marginally better. Research on best tote place prices shows an average of 22.3% of the win odds. In some cases, you will do much better and in others much worse. In our example above, you would average $2.115 as a best tote place price, which provides you +10% POT versus +20% POT on the win betting side.<\/p>\n\n <\/div>\n <\/div>\n \n \n \n

\n
\n

4. Allowing for a Margin of Error<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

You may look at the table and think \u201cthat\u2019s fine, I\u2019m happy to take a lower POT% on place betting for the benefit of a much higher strike rate.\u201d However, the reality is that it\u2019s very easy to overestimate your edge for a win betting opportunity.<\/p>\n

It\u2019s easy to come up with a horse that you think is really a $2.50 chance and it\u2019s $3.20 in the market\u2026 it doesn\u2019t seem like too much of an outrageous claim at all. Neither is assessing a horse at $5.00 when its $6.00 in the market.<\/p>\n

Consider this though\u2026 if on average these types of assessments represented most of your betting and were close to correct, then your overall betting profit on turnover would actually be +20% or higher, because that\u2019s what your individual price assessments are suggesting. Even if you aren\u2019t doing formal price assessments, are the horses you like to win in a race really offering a +20% or more profit advantage, which means you can back them to place and still make somewhere around +10% POT?<\/p>\n

I\u2019d suggest they don\u2019t, otherwise it\u2019s very unlikely that you would be even considering a place betting strategy.\u00a0 You would be thrilled with your win betting results and place bets would not enter your mind.<\/p>\n

What if you take a more realistic and conservative view of your likely profit edge and then compare the win and place betting value?In today\u2019s markets, a win edge of +10% to +12% profit on turnover translates to just a +2% to +3% profit on turnover if you back those same horses to place.<\/p>\n

The reality is that the very large majority of punters aren\u2019t even making +10%-12% on their win betting. If you are making 6% to 8% on the win side then place betting profit is virtually zero or a small loss.<\/p>\n

\u201cThe constant theme is that whatever the win profit edge, the place profit edge is significantly lower.\u201d<\/strong><\/p><\/blockquote>\n\n <\/div>\n <\/div>\n \n \n \n

\n
\n

5. Think Twice Before Charging into a Place Betting Strategy<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

The idea of place betting seems appealing and many punters may look towards that strategy because they can\u2019t quite get across the line to profit on the win betting side of things.It\u2019s easy to identify days where you lost on your win bets and calculate that if you had of backed those horses to place, that you would have made money. It\u2019s a big mistake though to look at isolated small sample cases and use them as evidence to change your overall betting strategy.<\/p>\n

The reality is that the place betting prices in the market don\u2019t offer anywhere near the same level of value as you can obtain on the win betting side.It does get more appealing as horses get longer in price, but you should also recognise that the longer in price you go, the more difficult it is to accurately differentiate value edges and there is virtually no margin for error.<\/p>\n

For example, you might see a horse at the short end of the market at $3.00 (33% chance) and feel confident to say that it\u2019s a 40% chance (+20% edge). Even if you are 2% to 3% out, you are left with a 37% to 38% chance, which is still a 11% to 14% profit edge. You have plenty of margin to be wrong and still make a good profit<\/p>\n

However, consider a horse at $16 in the market that you think is really an $11 chance which I s a +45% profit edge (more than double that above). If you are 2% to 3% out on this horse then its real price is actually $14.28 to $16.67, which makes win betting value virtually non-existent and place betting value a negative.<\/p>\n

Furthermore, as you get out longer in price, the place strike rate of those horses is no better and often less than a more traditional win betting strategy, which removes one of the main benefits you are aiming to achieve from place betting.<\/p>\n\n <\/div>\n <\/div>\n \n \n \n

\n
\n

6. Exceptions to the Rule<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

I should point out that there are scenarios that exist where the balance between win & place chances of a horse might differ to the averages shown above and that can present good betting opportunities. For example:<\/p>\n

A dominant favourite or any top chance drawn awkwardly can have a\u00a0lower than average place ratio\u00a0compared to its win price. If the horse finds a good position from the barrier then it\u2019s likely to be in the finish, but if it gets caught wide or finds other trouble then it\u2019s much more likely to miss a place entirely. Apart from affecting the favourite itself, that can increase the place appeal of other horses that look set to get an ideal trip.
\nA horse that is less talented than others in the race but is very consistent may have a\u00a0greater than average place ratiocompared to its win price. You know that it\u2019s very likely one of the less consistent, but more talented horses will to run close to its best and win the race (even if you aren\u2019t sure which one), but a couple are likely to run below form as well. While you don\u2019t like the win prospects of your consistent horse, the level it is likely to run to gives it an excellent place chance.<\/p>\n

If you have the insight to identify these scenarios and find strong place betting value then by all means go for it. There are exceptions to every rule in racing.<\/p>\n\n <\/div>\n <\/div>\n \n \n \n

\n
\n

Final Thoughts<\/h2>\n <\/div>\n <\/div>\n \n \n \n \n \n
\n
\n

When you take everything into account there is very little evidence to say that a strategy of consistent place betting is a good idea.<\/p>\n

The reality is:<\/p>\n

\u201cif you\u00a0can\u2019t make money from win betting, then you will lose more money by backing horses to place\u201d<\/p>\n

The only time I consider place betting a viable option is if:<\/p>\n

I identify a scenario that presents an exception to the rule (as mentioned above.)
\nI am very confident that I have identified a big mistake in the market, usually on a longer priced horse and the price I can obtain still offers a big place value edge (as calculated earlier.) In these cases, I\u2019m looking to maximise my chance (strike rate) of making money on the race if my opinion is right and the horse runs well. The win side might be more profitable in the long run, but if I can still make a\u00a0big profit\u00a0with a much higher chance of collecting, then I\u2019ll take that.<\/p>\n

If you find it hard to cope with the variance of win betting then DO NOT make the mistake of thinking that place betting will help you\u2026 it won\u2019t! You will get more collects, but over time the effect of inferior dividends will start to take hold and your bank will slowly but surely deteriorate.<\/p>\n

I call it the \u201cslow bleed\u201d as at first it doesn\u2019t seem like a big deal and you aren\u2019t fully aware what\u2019s happening. Eventually though the damage (to your bank) accumulates to such a level that you realise you\u2019ve had a problem all along.<\/p>\n

If you want to adopt a strategy that provides more regular collects and reduces your variance, then I\u2019d suggest you stick to win betting and focus on the shorter end of the market.<\/p>\n

The competitive nature of fixed odds win markets and in particular the dynamic nature of the Betfair exchange prices makes it far easier to find good value and generate a profit.<\/p>\n\n <\/div>\n <\/div>\n \n \n \n <\/div>\n","protected":false},"excerpt":{"rendered":"

Place Betting can be a good option if you’re not confident a horse can win the race. This article discusses when to use a place betting strategy and how to find value in that market.<\/p>\n","protected":false},"author":39,"featured_media":49137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"tipster_notification_checkbox":false,"send_notification":false,"footnotes":""},"categories":[41],"tags":[],"brand":[],"class_list":["post-722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-racing-strategy"],"acf":[],"yoast_head":"\nUnderstanding Place Betting | Betfair Education | Betfair Hub<\/title>\n<meta name=\"description\" content=\"Understanding place betting can be a good way to find value when you're not confident on a horse winning. Learn how to use place betting on the Betfair Hub.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNDERSTANDING PLACE BETTING\" \/>\n<meta property=\"og:description\" content=\"Understanding place betting can be a good way to find value when you're not confident on a horse winning. Learn how to use place betting on the Betfair Hub.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Betfair Hub\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/betfairaustralia\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-26T23:31:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T04:52:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/UNDERSTANDING.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Daniel O'Sullivan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/TRBHorseRacing\" \/>\n<meta name=\"twitter:site\" content=\"@betfair_aus\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel O'Sullivan\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\"},\"author\":{\"name\":\"Daniel O'Sullivan\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#\/schema\/person\/324797023c0303d358c63b8c711755c6\"},\"headline\":\"UNDERSTANDING PLACE BETTING\",\"datePublished\":\"2022-09-26T23:31:35+00:00\",\"dateModified\":\"2024-09-11T04:52:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\"},\"wordCount\":3,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg\",\"articleSection\":[\"RACING STRATEGY\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\",\"url\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\",\"name\":\"Understanding Place Betting | Betfair Education | Betfair Hub\",\"isPartOf\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg\",\"datePublished\":\"2022-09-26T23:31:35+00:00\",\"dateModified\":\"2024-09-11T04:52:16+00:00\",\"description\":\"Understanding place betting can be a good way to find value when you're not confident on a horse winning. Learn how to use place betting on the Betfair Hub.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage\",\"url\":\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg\",\"contentUrl\":\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.betfair.com.au\/hub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UNDERSTANDING PLACE BETTING\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#website\",\"url\":\"https:\/\/www.betfair.com.au\/hub\/\",\"name\":\"Betfair Hub\",\"description\":\"Just another Betfair Sites site\",\"publisher\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.betfair.com.au\/hub\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#organization\",\"name\":\"Betfair Hub\",\"url\":\"https:\/\/www.betfair.com.au\/hub\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2025\/02\/betfair.svg\",\"contentUrl\":\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2025\/02\/betfair.svg\",\"width\":800,\"height\":800,\"caption\":\"Betfair Hub\"},\"image\":{\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/betfairaustralia\",\"https:\/\/x.com\/betfair_aus\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#\/schema\/person\/324797023c0303d358c63b8c711755c6\",\"name\":\"Daniel O'Sullivan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.betfair.com.au\/hub\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f2b4670edf1323570ab82d4e40b0717ee28cb5624e3a856ec1e4f9ef5bde8d71?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f2b4670edf1323570ab82d4e40b0717ee28cb5624e3a856ec1e4f9ef5bde8d71?s=96&d=mm&r=g\",\"caption\":\"Daniel O'Sullivan\"},\"description\":\"Daniel O'Sullivan has been a professional punter since 2004 and a long-term Betfair contributor, particularly through his punting education articles on\u00a0The Hub. Daniel's punting edge comes through his ability to balance the art & science of race analysis and exploit betting angles that other punters are unaware of. His WFA Performance Ratings, unique data insights and understanding of horse talent are highly sort after across the racing industry. His best advice to punters is \\\"focus on horses fancied in the market that will race within two lengths of the lead.\\\" He adds, \\\"Good punting isn't about having high confidence in every aspect of a bet but about taking calculated gambles. Tune into your instincts and focus on making bets that feel right.\\\"\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/x.com\/TRBHorseRacing\"],\"url\":\"https:\/\/www.betfair.com.au\/hub\/author\/danielosullivan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Understanding Place Betting | Betfair Education | Betfair Hub","description":"Understanding place betting can be a good way to find value when you're not confident on a horse winning. Learn how to use place betting on the Betfair Hub.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/","og_locale":"en_US","og_type":"article","og_title":"UNDERSTANDING PLACE BETTING","og_description":"Understanding place betting can be a good way to find value when you're not confident on a horse winning. Learn how to use place betting on the Betfair Hub.","og_url":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/","og_site_name":"Betfair Hub","article_publisher":"https:\/\/www.facebook.com\/betfairaustralia","article_published_time":"2022-09-26T23:31:35+00:00","article_modified_time":"2024-09-11T04:52:16+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/UNDERSTANDING.png","type":"image\/png"}],"author":"Daniel O'Sullivan","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/TRBHorseRacing","twitter_site":"@betfair_aus","twitter_misc":{"Written by":"Daniel O'Sullivan"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#article","isPartOf":{"@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/"},"author":{"name":"Daniel O'Sullivan","@id":"https:\/\/www.betfair.com.au\/hub\/#\/schema\/person\/324797023c0303d358c63b8c711755c6"},"headline":"UNDERSTANDING PLACE BETTING","datePublished":"2022-09-26T23:31:35+00:00","dateModified":"2024-09-11T04:52:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/"},"wordCount":3,"commentCount":0,"publisher":{"@id":"https:\/\/www.betfair.com.au\/hub\/#organization"},"image":{"@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg","articleSection":["RACING STRATEGY"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/","url":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/","name":"Understanding Place Betting | Betfair Education | Betfair Hub","isPartOf":{"@id":"https:\/\/www.betfair.com.au\/hub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage"},"image":{"@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg","datePublished":"2022-09-26T23:31:35+00:00","dateModified":"2024-09-11T04:52:16+00:00","description":"Understanding place betting can be a good way to find value when you're not confident on a horse winning. Learn how to use place betting on the Betfair Hub.","breadcrumb":{"@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#primaryimage","url":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg","contentUrl":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Asset-11.svg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.betfair.com.au\/hub\/education\/racing-strategy\/place-betting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.betfair.com.au\/hub\/"},{"@type":"ListItem","position":2,"name":"UNDERSTANDING PLACE BETTING"}]},{"@type":"WebSite","@id":"https:\/\/www.betfair.com.au\/hub\/#website","url":"https:\/\/www.betfair.com.au\/hub\/","name":"Betfair Hub","description":"Just another Betfair Sites site","publisher":{"@id":"https:\/\/www.betfair.com.au\/hub\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.betfair.com.au\/hub\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.betfair.com.au\/hub\/#organization","name":"Betfair Hub","url":"https:\/\/www.betfair.com.au\/hub\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.betfair.com.au\/hub\/#\/schema\/logo\/image\/","url":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2025\/02\/betfair.svg","contentUrl":"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2025\/02\/betfair.svg","width":800,"height":800,"caption":"Betfair Hub"},"image":{"@id":"https:\/\/www.betfair.com.au\/hub\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/betfairaustralia","https:\/\/x.com\/betfair_aus"]},{"@type":"Person","@id":"https:\/\/www.betfair.com.au\/hub\/#\/schema\/person\/324797023c0303d358c63b8c711755c6","name":"Daniel O'Sullivan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.betfair.com.au\/hub\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f2b4670edf1323570ab82d4e40b0717ee28cb5624e3a856ec1e4f9ef5bde8d71?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f2b4670edf1323570ab82d4e40b0717ee28cb5624e3a856ec1e4f9ef5bde8d71?s=96&d=mm&r=g","caption":"Daniel O'Sullivan"},"description":"Daniel O'Sullivan has been a professional punter since 2004 and a long-term Betfair contributor, particularly through his punting education articles on\u00a0The Hub. Daniel's punting edge comes through his ability to balance the art & science of race analysis and exploit betting angles that other punters are unaware of. His WFA Performance Ratings, unique data insights and understanding of horse talent are highly sort after across the racing industry. His best advice to punters is \"focus on horses fancied in the market that will race within two lengths of the lead.\" He adds, \"Good punting isn't about having high confidence in every aspect of a bet but about taking calculated gambles. Tune into your instincts and focus on making bets that feel right.\"","sameAs":["https:\/\/x.com\/https:\/\/x.com\/TRBHorseRacing"],"url":"https:\/\/www.betfair.com.au\/hub\/author\/danielosullivan\/"}]}},"_links":{"self":[{"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/posts\/722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/comments?post=722"}],"version-history":[{"count":0,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/posts\/722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/media\/49137"}],"wp:attachment":[{"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/media?parent=722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/categories?post=722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/tags?post=722"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/www.betfair.com.au\/hub\/wp-json\/wp\/v2\/brand?post=722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}