Position Payout: The new way to bet on Horse Racing from bet365

With bet365's new Position Payout market, it's not just about rewarding winners, it's about rewarding where you finish. Place a bet on this brand new market and the higher your horse finishes, the more you win. Read on to find out more.

Position Payout is the new way to bet on horse racing from bet365. With traditional each-way betting, it can be complicated to calculate potential winnings but Position Payout has been designed to be really simple to understand and use. You know what your potential winnings will be before the event, with better finishing positions rewarded with better payouts. 

You can wave goodbye to doubling your stake for an each-way bet and trying to calculate 1/4 or 1/5 of the odds for the place part of the bet. From a single stake on the Position Payout market, you can go for the biggest payout if your horse finishes 1st, a lower payout for 2nd, a lower payout for 3rd and so on in line with the number of each-way places offered on the race.

Essentially, Position Payout offers clear and up-front fixed odds betting based on finishing positions, providing a clear and easy-to-understand alternative to traditional each-way betting.

Full Terms and Conditions

1. Position Payout is available pre-race on selected UK & Ireland Horse Racing from 10:00 AM UK Time on the day of the race. For selected Australia and New Zealand Horse Racing, Position Payout will be available pre-race from 01:00 AM UK Time on the day of the race. For Horse Racing from North America, South America, and International meetings, Position Payout will be available pre-race on selected meetings one hour before the start of the first race at each meeting, where Fixed Prices are available.
2. Position Payout is a fixed odds market. The payout of your bet is determined by the set multiplier assigned to the finishing position of your chosen selection.
3. Position Payout bets can only be Cashed Out pre-race.
4. Position Payout bets are not available on Antepost markets.
5. Bet Credits can be used for placing Position Payout bets, but your Bet Credits stake will not be included in any returns.
6. In the event of a horse within a Position Payout race becoming a non-runner at odds of 5.75 or greater, your bet will stand at the original price. If the non-runner is at odds of 5.50 or less, then your bet will be recalculated in line with prices at the time of withdrawal.
7. In the event of the number of runners in the race being equal to or less than the number of finishing positions offered at time of bet placement then bets will be void.
8. In the event of a dead-heat, Position Payout bets will be paid out at the full multiplication value for the higher place. For example, if your horse dead heats for 3rd place, you will receive the full payout for the 3rd place multiplier.
9. Position Payout bets will not be eligible for Best Odds Guaranteed or Odds Drift Protector.