The tote placepot is a popular type of bet for horse racing fans in Ireland, due to the fact large winnings can be earned from a comparatively low stake. Players pick horses from the first six races of the day at a meeting in either the UK or Ireland.
If their selections all place, they earn a share of the total prize pool, which is the amount of money that is staked in the placepot minus the deductions that apply for this type of bet.