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How to Place A Placepot A placepot is a swimming pool bet that involves selecting a horse to finish in the locations in the first six races of a race conference. It's a simple bet, that does not need a horse to win, just finish within the specified places of a race. If your Placepot achieves success you will win a dividend. It is possible to pick more than one runner in each race and increase the possibilities of an effective bet and this is referred to as 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 meetings such as the Cheltenham Festival and it can possibly offer big benefits from little stakes. How are placepot jackpots calculated? Placepot jackpots are computed by merely splitting the total pool amongst the winning lines. For example; 10 winning ₤ 1 lines of a ₤ 100,000 Placepot swimming pool, before deductions, would pay ₤ 10,000 per successful line. You can select more than one horse in each race, which would increase your total stake, however it is possible to minimize the system 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 operate at 36 lines. A 10p system stake would make the total expense of the bet ₤ 3.60. This is very important due to the fact that the jackpots would be computed by the number of successful lines and not the overall stake of the bet. If two of the 36 10p lines were winners you would gather a 20p share of the dividend. The dividends fluctuate depending upon the variety of winning shares. If a favourite or fancied runner is placed in every race of the Placepot the payment is most likely to be low as more tickets will be sharing the swimming pool. However, if there are less popular selections filling the frame, the dividends can be substantial.