How bet365 Position Payout Works and How you Should Use It

Andy Clark
bet365 have launched a new way of betting on horse racing, called Position Payout. The aim is to make betting simpler, and you will know exactly what you could win before the event, without having to work out each-way terms. Position Payout doesn’t just reward you when you win; it also rewards placed efforts. The higher your horse finishes, the more you win. Bet365 Position Payout – Go straight to the Position Payout on bet365.  

How Position Payout at bet365 Works

  1. Go to any horse race that offers the Position Payout market.
  2. Each selection will have a price for finishing 1st, 2nd, 3rd, 4th and so on…
  3. Place your bet, and the higher your selection finishes, the higher your payout.

Position Payout at bet365

✅You know the exact amount you’re going to win before the event, without trying to get your head around each-way terms. ✅You receive the added benefit of a larger payout for finishing higher. ✅It’s available on multiples.

[btn href=”https://www.bet365.com/promos/home/position-payout?affiliate=365_110056″]GO TO POSITION PAYOUT[/btn]

 

How to use bet365 Position Payout

bet365 Position Payout is best used for higher odds bets where you might usually consider an each-way. This is because you will still get a decent return on your winnings if your horse finishes in the places. For example, in a race where bet365 are paying 5 places: if a horse is priced at 7/2 and you placed a £10 bet on the Position Payout market, you would win £28 if the horse wins, £15 for second, £10 for third, £7 for fourth or £5 for fifth. Placing a £10 bet on a 14/1 horse, you get £80 if the horse wins, £38 for second, £22 for third, £17 for fourth and £12 for fifth. This is only an example of the payouts for a race where bet365 are paying 5 places for each-way bets. In smaller races, you will only get 2 or 3 places paid.

bet365 Position Payout

 

bet365’s Chief Marketing Operations Officer Neil Fairweather said;

“Reflecting our commitment to horse racing and our dedication to innovation, Position Payout delivers a premium betting experience for our new and existing customers. We are confident that this milestone product launch will not only support casual horse racing bettors but also offer an alternative option for our more avid horse racing fans.”

 

bet365’s sports and trading expert Steve Freeth;

“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!”

bet365’s Racing Expert Pat Cooney;

“The brand new way to bet on horse racing, it’s amazing to see bet365 taking such innovative strides with the launch of Position Payout. While sometimes each-way terms can be difficult to understand, Position Payout couldn’t be simpler. The higher your horse finishes, the higher your payout. With prestigious meetings at Goodwood, Galway and York in the coming weeks, we’re excited to see our customers take advantage of our brand new product.”

 

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Position Payout T&Cs

  1. Position Payout is available pre-race on selected UK & Ireland Horse Racing from 10:00 AM UK Time on the day of the race. For selected Australia and New Zealand Horse Racing, Position Payout will be available pre-race from 01:00 AM 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.
  2. 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.
  3. Position Payout bets can only be Cashed Out pre-race.
  4. Position Payout bets are not available on Antepost markets.
  5. Bet Credits can be used for placing Position Payout bets, but your Bet Credits stake will not be included in any returns.
  6. 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.
  7. 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.
  8. 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.
  9. Position Payout bets will not be eligible for Best Odds Guaranteed or Odds Drift Protector.

[btn href=”https://www.bet365.com/promos/home/position-payout?affiliate=365_110056″]GO TO POSITION PAYOUT[/btn]