How to Place A Placepot A placepot is a swimming pool bet that involves choosing a horse to complete in the places in the very first six races of a race meeting. It's a basic bet, that does not require a horse to win, just finish within the stated places of a race. If your Placepot succeeds you will win a dividend. It is possible to select more than one runner in each race and increase the chances of an effective bet and this is called perming. The stakes from a Placepot are gathered into a pool and that is then shared amongst the winning tickets. A Placepot is a popular bet for conferences such as the Cheltenham Festival and it can possibly give big rewards from small stakes. How are placepot jackpots determined? Placepot jackpots are determined by merely splitting the overall pool amongst the winning lines. For instance; 10 winning ₤ 1 lines of a ₤ 100,000 Placepot pool, before deductions, would pay ₤ 10,000 per effective line. You can choose more than one horse in each race, which would increase your overall stake, however it is possible to lower the unit stake and lower the cost of the bet. For example; the following selections 3 x 2 x 1 x 3 x 2 x 1 would work at 36 lines. A 10p system stake would make the overall cost of the bet ₤ 3.60. This is important because the jackpots would be computed by the variety of effective lines and not the total stake of the bet. If 2 of the 36 10p lines were winners you would collect a 20p share of the dividend. The dividends fluctuate depending upon the variety of winning shares. If a favourite or fancied runner is put in every race of the Placepot the payout is likely to be low as more tickets will be sharing the pool. However, if there are less popular choices filling the frame, the dividends can be substantial. How to bet on Horse Racing Can I place a placepot with bet365? Yes.