place money
In horse racing and other competitions, 'place money' refers to the amount wagered or awarded for a competitor finishing in a specific position, often second or third.
Definition
B2Horse Racing
(gambling)The amount of money bet on a horse to finish in either second or third place.
Example
- He placed a bet of $50 in place money on the number 5 horse.
B2Horse Racing
(gambling)The payout received from a bet on a horse finishing in second or third place.
Example
- Her place money payout was higher than expected because the horse had long odds.
Similar
Terms that have similar or relatively close meanings to "place money":
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