Bet365 introduces Horse Racing Position Payout: Finishing higher in the race means greater winnings on your bets
Bet365 Introduces a New Horse Racing Betting Option: Position Payout
Bet365 has announced the launch of a novel betting feature for horse racing, called Position Payout. This new system allows bettors to place bets based on the finishing positions of horses, rather than just the winner.
With Position Payout, you can back a horse to finish in a particular position, such as 1st, 2nd, or 3rd place, and the payouts will be made accordingly based on the actual finishing position of the horse in the race.
The key points of the Position Payout system are:
- It is a betting option for horse racing only.
- Bets are settled based on whether the horse finishes in the selected position.
- It differs from traditional win/place bets by explicitly allowing bets on specific finishing positions.
- Payouts depend on the horse's finishing position relative to the bet.
However, the full official terms and detailed workings of the Position Payout system are not publicly available. For full and detailed terms and conditions, including stake rules, maximum payouts, eligibility, and any restrictions, it is best to consult Bet365’s official betting rules and terms directly on their website or contact their customer service.
Bet365's sports and trading expert, Steve Freeth, mentioned that Position Payout is an industry first and hopes customers will enjoy the new product. The Position Payout feature is available on multiples and rewards not just winners, but also the position a selection finishes in.
In the event of a dead heat, Position Payout bets will be paid out at the full multiplication value for the higher place. However, Position Payout bets will not be eligible for Best Odds Guaranteed or Odds Drift Protector. Also, Position Payout is a fixed odds market with payouts determined by set multipliers assigned to the finishing positions of selections.
Position Payout bets are available pre-race on selected UK & Ireland Horse Racing, selected Australia and New Zealand Horse Racing, and selected meetings from North America, South America, and International meetings. Position Payout bets can only be Cashed Out pre-race. Bet Credits can be used for placing Position Payout bets, but the Bet Credits stake will not be included in any returns.
The higher the selection finishes, the higher the payout with Position Payout. Bet365's Chief Marketing Operations Officer, Neil Fairweather, stated that Position Payout delivers a premium betting experience. To use Position Payout, go to any horse race that offers the market, place a bet, and the payout increases based on the selection's finishing position. Position Payout is easy to use, with the payout amount known before the event and without complications from Each Way terms.
This new betting feature by Bet365, named Position Payout, allows fans of football, sports, and racing, including horse-racing, to place wagers on the finishing positions of horses, not just the winner. With Position Payout, users can back a horse to finish in a specific position, such as first, second, or third place, and receive payouts accordingly based on the horse's actual finishing position in the race.
