The Placepot Picks: 6th May
This weekend we are going for the Placepot bet again and we will explain below how this works in a bit more detail as well as sharing our own placepot picks for you here on The Cheeky Punts
Saturdays Placepot
We have a bumper pool of £250k on offer up at Newmarket for the first of the classics this weekend with the 2000 Guineas the highlight on the day of the Kings coronation
The Selections
You can play the Placepot with the Tote over at https://tote.co.uk/ & good luck if you want to join what should be a bumper winning placepot pool on the day
What is a Placepot?
The most popular placepot is through the Tote and they define this as;
Tote Placepot is your first bet of the day, a renowned raceday ritual and our most popular bet.
To win the Tote Placepot you need to pick a horse to place in the first six races at any UK, Irish or selected International meeting.
With an average payout of £407, the Placepot is a great way to win big off small stakes and, at the 2019 Cheltenham Festival, one customer won £182,567.80 from just a £2 bet.
You can play the Placepot at tote.co.uk from 4pm the day before all UK and Irish meetings and on major international meetings like the Breeders' Cup, Hong Kong International Races and Prix de l'Arc de Triomphe
Why is the Placepot a good bet?
It is not only the payouts that make the Placepot a great bet. If you're looking to enjoy a day of racing, the Placepot can keep you entertained all afternoon. The Placepot provides an interest in the first six races on a card and for a relatively small stake, you can land a share of big Placepot fund dividends.
Winning the Tote Placepot
To win the Placepot you just need to have a horse placed in the first six races at any meeting.
How many places are on offer depends on how many runners are in a race and the same terms apply to the Tote Place pool.
Choosing your horses
With the Placepot, it can pay to take on the favourites. The biggest dividends are won when the most popular horses fail to make the places. Simply picking the favourite will generally lead to a poor payout, the bigger prizes come when the 'pot' is bigger. And as a lot of players will go with the favourites, your slice of the pie if they win will be smaller.
If one of the legs has a particularly large field or it's a difficult race to judge, it's probably worth having more than one selection. Equally, it is often wise to have a couple of favourites on your side, seen as single line "Bankers" in suitable races.
Multiple lines in a Placepot
You can select more than one horse in each race, but this will mean that your total stake will increase. To calculate your total stake, just multiply the number of selections in each leg. For example:
Leg 1: 3 selections
Leg 2: 2 selections
Leg 3: 1 selection
Leg 4: 3 selections
Leg 5: 2 selections
Leg 6: 1 selection
3 x 2 x 1 x 3 x 2 x 1 = 36 lines.
In this example, your stake would be x36. So in this example if you had a 10p unit stake, the total cost of your bet becomes £3.60 (36 x 10p)
Your winnings are then calculated by your winning lines and paid out as a proportion of the winning dividend. So if all your combinations placed, you would have £3.60 x dividend. If just one selection from each leg one then you would have 10p x dividend.