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What is a place bet in horse racing and how does it differ from other types of bets?
Updated: 3/15/2025
A place bet in horse racing is when you bet on a horse to finish in either first or second place. This differs from other types of bets, such as a win bet where you only win if the horse finishes first, or an each-way bet where you win if the horse finishes in the top few positions.
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