Doing a Placepot bet can give you a lot of fun and provided that you follow a few guidelines, it can keep you interested for most if not all the races for very little cost. By picking just one horse in each race you could very easily find yourself with a losing bet after the first race. Picking more than one horse in each race could end up costing a lot and still not guarantee a win but what about a mixture of the two?

The Placepot strategy that I have used a lot in the past is to select 3 horses in 2 races, 2 horses in 2 race and a single selection in 2 races. This works out at 3 x 3 x 2 x 2 x 1 x 1 = 36 bets and as long as the total stake is at least £1 you can put small stakes on per line, for example 20p x 36 = £7.20.

My preference is for 30p lines which cost me 36 x 30p = £10.80 and in order to keep me interested as long as possible, I pick more selections in the earlier races…
Race 1: 3 selections
Race 2: 3 selections
Race 3: 2 selections
Race 4: 2 selections
Race 5: 1 selection
Race 6: 1 selection
The reason I do this is because it means that I have a better chance of staying in the Placepot for the first few races. By selecting 3 horses, I only need just 1 to place for me to stay in the pool and keep going for a chance of a return.

Another way is to look at the races and see the size of the fields. If there are a couple of 16+ runner handicaps halfway through the card, then you can use the 3 selections in these races rather than the first 2. The only thing to watch here is if you don’t get a horse placed in the previous races then your bet could go down before you get to the races where you have selected 3.

Recently on Scottish Grand National day at Ayr racecourse the placepot races on the card were as follows…
Race 1: Handicap Hurdle (for Conditionals and Amateurs) with 11 runners
Race 2: Novices Chase with 5 runners
Race 3: Scottish Champion Hurdle with 11 runners
Race 4: Handicap Chase with 7 runners
Race 5: Scottish Grand National with 29 runners
Race 6: Handicap Hurdle with 7 runners
Here we can see that the races with the largest number of runners are 1, 3 and 5 which are should be the races that more selections are made in. I would suggest that a race with conditional and amateur jockeys is probably harder to assess so that race and the Scottish Grand National would be the races I would select 3 horses in. Race 3 would one that I would select 2 horses in and probably also select 2 horses in the 4th race to give myself the best chance to reach the 5th and most difficult race.
Race 1: 3 selections
Race 2: 2 selections
Race 3: 2 selections
Race 4: 3 selections
Race 5: 3 selections
Race 6: 1 selection
That day the Placepot paid £465.80 to a £1 stake so had a 30p line using the above strategy been successful then it would have given a return of £139.74 and as there were 36 lines in the Placepot it could have resulted in more than 1 winning line.

Below is an example of this betting strategy working, with 4 winning lines at Ascot on Saturday 10th May 2014 paying £107.32 for a stake of £3.60.