1(in the UK) a bet on a horse to win a place in a race, usually first, second, or third.
- ‘Professionals don't completely eschew the standard win and place bet, but their focus is overwhelmingly on the exotic bets, especially trifectas.’
- ‘A race must have five runners or more for you to be able to make a place bet.’
- 1.1(in the US) a bet on a horse to come first or second.
- ‘It was a fine day at a lovely little track, a day only slightly marred by the fact that I didn't cash once, not even one teensy little place bet to give me a momentary feeling of winnerness.’
- ‘It stands to reason that the most famous place bet in the world was a subject of some confusion in the great motion picture, "The Sting."’