Placepot Horse Racing Betting Tips for the 2023 Cheltenham Festival

Placepot is one of the most recognisable and popular pool bets to play these days, and more and more people are looking out for it daily as part of their horse racing betting strategy. Based around the first bet of the day, it’s a great way to get your racing underway, with solid payouts, particularly during major festivals such as Cheltenham. Here at That’s A Goal, we’re big fans of Tote’s Placepot, and not only will you find our top tips for your Placepot picks below, but all the information you need to know about the type of bet too…  

Today’s Cheltenham Festival Placepot Tips

If you’re a regular placer of a Placepot bet, then you’ve certainly come to the right place. Here at That’s A Goal, we’re always providing our punters with great daily NAPs and betting picks, not only from our expert team, but a range of pundits too. We collate the predictions of popular names such as Ruby Walsh, Matt Chapman and Mick Fitzgerald, as well as many more, all ideal for aiding your Placepot picks. You can find the best predictions for your Placepot below… TIPS COMING SOON!  

Where Can I Play Placepot Tips?

Placepot is a pool bet that is available to play through Tote. However, many other bookmakers also offer this, who then pass the stake on to the pool. However, most players do just go straight through Tote. You can place Cheltenham Placepot bets at the following bookies:

 

How Does Placepot Work?

Placepot is a type of bet in which players must pick a horse to place in the first six races of a meeting in order to see a return. The winnings are then based upon the number of people within the pool. You are able to make one or more selections in each race, with each selection referred to as a “line”.  The more lines you have, in effect the higher chance you have of winning, but in turn your stake will also be higher as this is based on each line you play. In order to calculate the number of lines you have, you need to multiply the number of lines you have in the first race by the number in the second, then the answer of that by the number of lines in race three, and so on through to race six. As you can probably tell, it can get expensive if you aren’t careful with how much you are staking. For example:

Race	Lines	Total Lines
1	2	2
2	2	4 (2 x 2 =4)
3	1	4 (4 x 1 = 4)
4	2	8 (4 x 2 = 8)
5	3	24 (8 x 3 = 24)
6	3	72 (24 x 3 = 72)

Therefore, in this example you are effectively playing 72 lines, giving you 72 chances of winning.  

How Much Does Tote Placepot Cost?

Each line has a minimum and maximum stake. The minimum stake per line is 10p, with the minimum total stake overall being £1. Therefore, that £1 could be made up of multiple lines, or simply a £1 bet on one line. There is no maximum bet on the offer.  

What Places Are Counted With Tote Placepot?

As the Placepot is all about ensuring the horses you pick place in each of the six races, it’s important to know what places are offered out across the races. That is dependent on the number of runners in the race. If there are four or fewer horses in the race, the places that count is simply the winner. With races of runners of 16 or more, that extends to the top four horses within the race. The full table can be found below…

No. of Runners	Places counted in Placepot
1-4	Winner only
5-7	Horses in positions 1-2
8+	Horses in positions 1-3
16+ (handicap races only)	Horses in positions 1-4

 

How Much Do I Win on the Tote Placepot?

The amount you will win on the Placepot is determined by how much has been staked on it. The winnings are then divided by the total number of winners. 27% is deducted from the total pool by Tote, with the 73% remaining then divided by the winners. Therefore, if there was a pool pot of £100,000, £73,000 of that would be split between the winners. The split is based upon the value of each player’s Placepot lines, so how much they have staked. How much you will win can be calculated by how much the Placepot is paying per £1. For example, a Placepot may be paying £1,000 to a £1 stake. If you have four winning lines that have seen a 10p stake, then you effectively have 40p’s worth of winning bets. The amount you win is then a ratio of that £1,000 to a £1, meaning you would collect £400 in winnings.