The amount of money paid out in placepots depends on a wide range of factors. First up, the more people who enter the Tote placepot, the more the total prize pool is going to grow. The deductions have to be considered when adding up how much Tote placepot betting pays too.
The average payout of £407 does not take into account the fact it is often possible to win a lot more money out of this type of bet. As an example, one lucky punter who entered the placepot at the 2019 Cheltenham Festival was able to bank £182,567.80 from a £2 bet.
In Ireland, the biggest jackpot winner from the tote scooped €207,000 from picking six horses that finished in the places at a Leopardstown meeting back in 1988.