I have reworked this freebet gratis from a newsletter I issued back in 2005 but the essence remains the same today. As we all know, in horse racing, when we place our money across the bookmakers desk, that is where the risk starts and, whilst we can’t eliminate that risk completely, the most successful gamblers always look for ways to minimise it whenever possible.
A great way to do this is to place bet and in doing so, we can alleviate the need to find the horse first past the post. I appreciate that some of you will be new to this concept and we need to clarify the fact that this is NOT each way betting. Place betting normally covers the first three  places, i.e. 1st, 2nd or 3rd in an 8-15 runner race. So if your horse comes in the first three places your bet is successful and you collect. The big advantage with place betting is that in an eight horse race, for example, you effectively have only 5 horses running against you. In other words, you have three opportunities to profit from backing just one horse.
Common sense dictates that with a half-decent selection procedure this tactic has got to put you in with a good chance of being in the first three much of the time.
So now let’s look at the downside. A disadvantage is that when you win, unless it’s with a big priced outsider, the cash amount you get isn’t particularly exciting. Generally, because a place is more likely to happen than an outright win, the odds are normally reduced to 1/4 or 1/5 of the stated win odds.
So is there a way you can enjoy the improved chances of success inherent in place betting AND get some sensible money out of it?