place bet

1. 1.

   a bet that a horse will finish a race no worse than second

   Broaderbet

Questions about place bet

What does place bet mean?

place bet means "a bet that a horse will finish a race no worse than second".

Is place bet a common word?

place bet is banded "Uncommon" — turns up in careful writing rather than conversation. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.