Betfair place betting

[emyrob]

Hi, i have recently opened an account with betfair and i am interested in backing horses in the place market. However when i use the place market to make a bet i see a message under my selection saying " you are betting .... horsename .... to win. Can anybody tell me if this actually means to win as in come first or to win as in be placed. I have queried this with betfair but the answer they gave me didnt actually answer the query as they just said the place market is backing a horse for a place and the win market is backing to win. Not really helpful as that is obvious but fails to tell me if the message i get (you are backing ...horsename... to win) is normal when using the place market. Any help really appreciated, with thanks, emyrob

[neilb7]

as long as you are on the place market it is for the horse to be placed...
it says Win, but this is in reference to the place market..
in the rules tab it will tell you how many places the market is.

if you were laying the horse it would say you are betting against the horse to win....

hope that makes sense.:thumbs

[Win2Win]

Non runners does not effect the number of places. So if you have 3 places with 8 runners, then get 4 non-runners, it still pays 1,2,3 ... but the odds are reduced as per the Betfair deduction formula, which is a set of random number ;)

[maddi]

I actually love horse race betting (http://blogs.law.harvard.edu/donnychia79/2010/03/horse-race-betting-us-law/) but sometimes it is quite confusing. I can totally understand that emyrob is confused about the message " you are betting .... horsename .... to win". I would be confused either. I am also of the opinion that some online betting sites do not have good explanations for some things. I guess they could improve this.

[emyrob]

Many thanks neil, your explanation was so easy to understand. :thumbs

[neilb7]

No problems :thumbs