A win place show bet is a type of wager that allows you to bet on a horse to finish in either first, second, or third place. This type of bet can be useful if you're unsure which horse will win the race but you think it could finish in one of the top three spots. You can also make win place show bets on races that don't include a clear frontrunner since there's a good chance one of the horses in the race will finish in one of the top three spots.