Place
What is a place in bookmaker terminology?
What is place in bets?
Place in American betting shops means getting into the top two (usually used in races).
In races and some other sports, players of betting shops can place a bet at Place, in which the horse must be in the top two in the run. Sometimes such a bet could mean falling into the top three, in TOP-4 or TOP-5. If there are eight or more horses in the race, the Place bet means getting into the TOP-3. If there are fewer horses, it is necessary to get into the TOP-2. In different bookmakers there is a different interpretation of the Place bet, so you need to familiarize yourself with the rules of a particular bookmaker before placing a bet.