Placepots work in a different way to most other types of horse racing betting in Ireland.
Instead of offering odds for horses to win a race, as is the case with traditional bookmakers, players instead pick six horses from a meeting that they want to back to finish in the places.
It is possible to pick more than one horse per race, though this increases the stake. If a player is successful with each of their selections finishing in the places, they earn a share of the pot.