What are Not to Be Placed and Not to Win Bets?

race at ascotWhen it comes to betting on horse racing, the best punters will do a wealth of research and look at all sorts of different aspects of the race at hand. Research is key when you’re trying to take on the bookmakers, given the fact that the odds that they offer aren’t just plucked out of the thin air but instead are put together by algorithms that take into account all of the information that good bettors know to look for in their research. Part of that includes knowing which bets to place that give them the best chance to take on the bookies, with some being available that you might know are wagers that you can look towards.

Two examples of that are ‘Not to Be Placed’ and ‘Not to Win’. In some senses, these bets are self-explanatory and you can probably figure out what they are from their titles. That isn’t the same as knowing how they work, however, nor is it clear when you might choose to place such a bet. There are also some rules and regulations around how the bets are treated if something unusual happens, such as a non-runner reducing the size of the field for the race in question. It is important for you to know how the rules work if you’re going to ensure that you know as much as you can to take the battle to the bookmakers.

Not To Place

not to be placed market example in horse racing

When you look to place a bet on the Not to Be Placed market, you are literally betting on the horse that you’ve selected not finishing in the places for the race in question. One of the things that you have to bear in mind is that different races have a different number of places that will be paid out on, which can also differ from bookmaker to bookmaker. It is usually the case that the number of horses taking part in a race will dictate how many places are paid out on, with bookies understandably not being willing to pay out on four places if there are only five horses running in a specific event, given they’ll lose money that way.

Similarly, each bookmaker will have their own rules on this front, so make sure that you know how many places are being paid out on before you place a Not to Be Placed wager. The last thing that you’ll want is to think that a horse that finished fifth didn’t place, only to find out that your chosen bookie was actually paying out to seven places on that race. Bookmakers that offer the Not to Be Placed market do so on the understanding that they will settle it according to the terms that are in place for the race, so just because you thought it would pay out on a fifth-placed finish is entirely irrelevant to the reality.

Bookies will also adjust their rules according to the scenario that they find themselves in. They might have been planning on paying out to five places, for example, but a non-runner might mean that they adjust it to four places. If it gets to the point that the number of runners is either equal to or less than the place terms, most bookmakers will make your bet void. In cases where a non-runner is declared, there might be a reverse place deduction in order to lengthen the odds on your bet. Dead Heat rules apply in the same way to Not to Be Placed bets as any other sort of bet, whilst Lucky 15/31/63 etc bonuses won’t apply.

Not to Win

not to win market example in horse racing

The rules of a Not to Win bet are exactly what you’d imagine them to be. You are betting on the idea that a specific horse will not win the race, with the rules of the bet being the same as other races with some exceptions. For starters Starting Price bets aren’t available. It is also a bet that is only available on horses that have a Win price of 8/1 or less. If the race only has two runners in it then you’ll find that the Not to Win market isn’t available. As with Not to Be Placed bets, Dead Heat rules apply as normal but both the Best Odds Guarantee and the Lucky 13/31/63 etc bonuses will not apply to this specific type of bet.

Whilst you can add a Not to Win bet into a multiple, you can’t add more than one Not to Win bet into the same multiple in the majority of instances. There is no Double Result concession offered on Not to Win bets, if your chosen bookmaker normally offers it. This is another case where doing your research is really important. The bet that you are placing is that the horse that you have selected will not win the race. It doesn’t matter what the horse does do, provided it does not end up being declared the winner of the event in question. In other words, it can fall, unseat the rider or come in any position between second and last, it just can’t win.

When to Place These Bet Types

not to be placed market with heavy favourite showing good odds
Not to be placed market with heavy favourite showing good odds

The main question that you might want to consider is when it is worth your while placing either of these bet types. Whilst they are obviously different from one another in numerous ways, there is still one reality that is worth considering: there isn’t much point placing either bet unless you’re going to do so on the outright favourite. In other words, if you’re looking at a race and see that one of the horses is considered to be a 1/7 favourite, you are unlikely to want to place a bet on them winning the event as there won’t be much value in the wager. You might, however, consider looking at the Not to Win market, where their odds will be much higher.

They will be higher still on the Not to Be Placed market, given that you’re not just saying that they won’t win the race but that they won’t even come in any of the places. Of course, the odds are higher because this is a much riskier bet with the outcome being much less likely than you might have hoped. If you’re considering placing this bet type then you should have done a wealth of research in order to justify doing so, given the fact that there will be a reason why the horse has extremely low odds. Placing this bet out of hope rather than expectation isn’t the sort of thing that a sensible bettor would do, so you need to be careful with your betting decisions.