bet365 UK has launched a new horse racing feature called Position Payout, and it could be one of the most user‑friendly innovations we’ve seen in UK racing in years.
What Is Position Payout?
Instead of the usual choice between a win bet or an each‑way bet with tricky place terms, Position Payout keeps things simple. You back a horse, and the payout depends on where it finishes — with clear, scaled returns for 1st, 2nd, 3rd, or even 4th place.
No jargon, no confusion. The higher the finish, the more you get paid.
How Does It Work?
When you look at a race offering Position Payout, you’ll see a payout table next to every horse before you place your bet. It shows exactly how much a £10 stake would return for each finishing position.
For example:
- £180 for 1st
- £85 for 2nd
- £45 for 3rd
- £26 for 4th
If your horse just misses the win but still runs well, you still collect.
Key Details for Punters
- Only available on select UK & Irish races – usually added on race day.
- Pre‑race cash‑out only – you can change your mind before the start, but once the race begins, the bet stands.
- Not eligible for Best Odds Guaranteed or Ante‑post markets – this is a race‑day only market.
- Bet Credits can be used – but as always, the stake amount from credits isn’t included in returns.
Horse Bet’s View: Why Bettors Might Like It
Position Payout gives racing a modern feel.
- Clear value ladders – you see potential returns at every finish.
- Less jargon – you don’t have to understand each‑way fractions or how many “places” are being paid.
- Keeps excitement alive – even 2nd or 3rd place feels rewarding.
For many, this could be a more engaging option than a standard win bet or a safety‑net each‑way bet, said an editor of Horse.bet.
Horse racing is competing for attention with other sports and betting products. By simplifying the way punters can back horses — and making the betting experience clearer — innovations like Position Payout might just bring in a new wave of casual fans.
Position Payout isn’t replacing win or each‑way betting, but it’s a fresh alternative that simplifies how bets are placed and understood. The idea is simple: the better your horse runs, the more you get paid.
For punters who want clarity and excitement without having to learn the ins and outs of place terms, Position Payout could be one to watch.
bet365 Bonus for New Customers
If you’re new to bet365, there’s an added perk. Sign up with the bonus code 365GBMLR and you’ll receive £30 in free bets when you place your first £10 wager. It’s an easy way to try out Position Payout without risking too much of your own cash.
View our list of the best horse betting platforms in the UK here.
