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Place Dividends
The table below details the usual place dividends based on the number of runners.
Place Dividends
4 runners or less = lst Only
5, 6 or 7 runners= 1/4 the odds for 1st & 2nd
8, 9, 10 or 11 runners = 1/5 the odds for 1st, 2nd & 3rd
12 runners or more in Non-Handicap races= 1/5 the odds for 1st, 2nd & 3rd
12, 13, 14 or 15 runners in Handicap races = 1/4 the odds for 1st, 2nd & 3rd
16 runners or more in Handicap races = 1/4 the odds for 1st, 2nd, 3rd & 4th


Before you place any bet always Shop Around for the best available place dividends. Always consider that some bookmakers offer better than these usual dividends. Many independent bookmakers (definitely not the majors) quite often offer 1/4 the odds for all handicap races. This may not seem much but a 1 each way treble on three placed at 10/1:
with place dividends at 1/5 the odds pays 27
with place dividends at 1/4 the odds pays 42.88
The 1/4 the odds increases this return by 59%

To calculate just divide the odds by the dividend:
10/1 at 1/5 becomes 10/5 = 2/1
10/1 at 1/4 becomes 10/4 = 5/2
So when you take a 10/1 at only a 1/5 instead of 1/4 the odds, it is like accepting 2/1 on a 5/2 chance.
Only mug punters do that, it's what keeps bookmakers in a lifestyle to which they are accustomed.


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