Launched this week, bet365’s Position Payout is a fresh, simplified betting feature for horse racing that removes the complexity of traditional each-way bets.
Instead of doubling your stake and trying to calculate 1/4 or 1/5 place odds, Position Payout allows you to back a horse to finish in a specific place—first, second, third, fourth, or more depending on the number of places offered and receive a clearly defined fixed payout.
With Position Payout, your potential returns are visible before the race starts.
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There’s no need to worry about splitting stakes or calculating place odds.
You place one single bet on a finishing position, and the payout is clearly shown, either as a return to a £10 stake or as a multiplier. The better your horse finishes, the greater your return. It’s that simple.
Standard settlement rules apply, including deductions for non-runners, Rule 4s, and dead heats.
You’ll find the Position Payout market listed in the race coupon on the bet365 Horse Racing section, and there’s also a dedicated page for it. The bet is eligible for Bet Credits, and features like Best Odds Guaranteed and the Odds Drift Protector are included. If the race is subject to a Double Result—where both the first past the post and official result are paid—Position Payout honours that too.
You can also use Cash Out on these bets before the race starts. While Position Payout is not available for antepost markets, it will mirror the number of each way places offered on the main market, so if a race offers six places each-way, Position Payout will go down to sixth place too.
bet365’s sports and trading expert Steve Freeth comments:
“Football fans at bet365 have our family of boosts, the Early Payout Offer, the Accumulator Bonus and ‘Sub On Play On’ to enhance their enjoyment of their favourite sport, and now horse racing fans have Position Payout! An industry first, we hope our customers love our new product as much as we do!”
Winning Boosts, Bet Boosts, Bet Builders, and Free Bet tokens cannot be used with Position Payout bets.
bet365’s Position Payout is a clean, transparent alternative to traditional each-way betting. Whether you’re new to racing or just want a clearer view of your potential returns, this new feature offers simplicity and flexibility with all the quality you’d expect from one of the UK’s biggest bookmakers.
Full Terms and Conditions
- Position Payout is available pre-race on selected UK & Ireland Horse Racing from 10:00am UK Time on the day of the race. For selected Australia and New Zealand Horse Racing, Position Payout will be available pre-race from 01:00am 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.
- 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.
- Position Payout bets can only be Cashed Out pre-race.
- Position Payout bets are not available on Antepost markets.
- Bet Credits can be used for placing Position Payout bets, but your Bet Credits stake will not be included in any returns.
- 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.
- 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.
- 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.
- Position Payout bets will not be eligible for Best Odds Guaranteed or Odds Drift Protector.