Placed (general terms )

Refers to a selection coming second, third or fourth in an event. The positions which are considered to be placed depends on the size of the field (e.g. in a race with only 5-7 participants, only second and third count as placed). The odds for bets on selections being placed is usually calculated as a fraction of the odds to win (e.g. in the race referred to above, second and third get odds at a quarter of the winning price).