30Place bets

30 Place bets

The following conditions apply to a place bet:

(a) the bet is off if it is made at starting price and –

(i) fewer than 8 competitors start in the relevant race; or

(ii) the favourite for the relevant race starts at odds on;

(b) the bet is on –

(i) first, second and third if 8 or more competitors are entered in the relevant race when the bet is made; or

(ii) first and second if 5, 6 or 7 competitors are entered in the relevant race when the bet is made;

(c) the bookmaker may lay the odds for a win and place in the relevant race if the bookmaker bets win and place in respect of every competitor in that race;

(d) if a bookmaker lays the odds for a win and place pursuant to paragraph (c) , the odds for a place are to be –

(i) one-fourth of the odds for a straight out win if 8 or more competitors are entered in the relevant race when the bet is made; or

(ii) one-third of the odds for a straight out win if 5, 6 or 7 competitors are entered in the relevant race when the bet is made.