A Guide to bet365 Position Payout

bet365 Launch New Position Payout Market

bet365 Position Payout is a revolutionary horse racing betting market that simplifies traditional each-way bets by offering fixed payouts for horses finishing 1st to 4th.

Launched by bet365.com in 2025, Position Payout offers members much clearer returns, greater transparency, and often better value for placed horses.

By removing the complexity of standard place terms, bet365 Position Payout provides a simpler, more straightforward betting experience, making it an attractive option for both new and experienced horse racing bettors alike.

What Is bet365 Position Payout?

The bet365 Position Payout horse racing market has clearly been designed to make traditional each-way betting more accessible, with fixed returns based on a horse’s finishing position.

bet365 Position Payout displays payouts for 1st, 2nd, 3rd and 4th placed finishes before you place the bet, and, in many cases, offers improved value for placed horses.

While it may sound similar to an each-way bet, there are key differences:

With each-way betting, you’re paid the same whether your horse finishes 2nd, 3rd or 4th.
With bet365's Position Payout, each finishing position has its own fixed payout, meaning a second place finish for your backed horse pays more than third, and so on.

By clearly displaying payouts for 1st, 2nd, 3rd and 4th, bet365 Position Payout removes uncertainty around place terms, making it a popular alternative for UK horse racing bettors.

How bet365 Position Payout Works

As previously mentioned, with bet365 Position Payout, you’ll see the exact payout amounts for each finishing position of your horse at the actual time that you place your bet.

This makes it easier to understand potential returns, as you know what you'll win before betting. Plus, even if your horse doesn't actually win, you'll still cash in if it places 2nd, 3rd, or 4th.

Here's an example of how to place a Position Payout bet at bet365:

Login at bet365.com and visit the Horse Racing section
Select a race with the Position Payout market
Each horse shows payouts for finishing 1st, 2nd, 3rd, and 4th
Place a single stake - your return depends on where your horse finishes

Rather than doubling your stake when placing an each-way bet, you simply place a single stake with Position Payout, and receive winnings based purely on finishing position.

bet365 Position Payout vs Each-Way Betting

In coming up with Position Payout, bet365 has provided bettors with a great alternative to traditional each-way betting, which can be confusing with its variable odds for placed finishes.

Although both bet types reward placed horses, there are some important differences.

Traditional Each-Way Betting

Same payout for 2nd, 3rd or 4th place
Place terms vary by race and bookie
Requires splitting stakes and calculating odds

bet365 Position Payout

Different fixed payouts for each position
No variable place terms
No stake splitting
Full transparency before betting

With bet365's Position Payout, finishing second always pays more than finishing third, reflecting the actual performance of the horse you've put your money on.

Position Payout is particularly useful in races where you’re confident a horse will place but less confident it will win. While traditional each-way bets usually offer better returns for winners, Position Payout often provides greater value for second or third-place finishes.

For example, a £20 Position Payout bet on an 11/2 horse finishing second returned £30. By comparison, a £10 each-way bet (£20 total stake) returned £23.76 for the same outcome.

While the each-way bet would have paid more if the horse had actually won the race, Position Payout provided significantly better value for a second-place finish.

So to summarise, for straight out wins an each-way bet will often pay out more, while for placed finishes, Position Payout can often be the more rewarding option.

Frequently Asked Questions

Here are some of the most commonly asked questions surrounding bet365 Position Payout:

What is bet365 Position Payout?
How does bet365 Position Payout differ from each-way betting?
Does bet365 Position Payout require a higher stake than an each-way bet?
Which finishing positions qualify for a Position Payout return?
Will I receive a payout if my horse does not win?
Are Position Payout returns fixed at the time of placing a bet?
Is bet365 Position Payout available on all horse races?
How are dead heats settled in Position Payout markets?

What is bet365 Position Payout?
bet365 Position Payout is a horse racing betting market that pays out based on the finishing position of a selected horse. Instead of relying on traditional each-way place terms, the market offers predefined returns for specific finishing positions, typically from 1st through to 4th. The exact payout amounts are shown in the betslip before bets are placed.

How does bet365 Position Payout differ from each-way betting?
Position Payout differs from each-way betting in that it does not require a stake to be split into separate win and place components. Each-way betting uses standardised place terms and fractions of odds, whereas bet365's Position Payout provides fixed returns for each qualifying finishing position, removing the need for calculations or interpretation of place terms.

Does bet365 Position Payout require a higher stake than an each-way bet?
No. bet365 Position Payout uses a single stake, which means the customer places one bet only. By contrast, an each-way bet consists of two separate wagers: one for the win and one for the place, resulting in a higher total stake for the same unit amount.

Which finishing positions qualify for a Position Payout return?
Position Payout usually applies to horses finishing between 1st and 4th place. However, the number of qualifying positions can vary depending on the race, the number of runners, and the specific terms of the market. Customers should always check the market details before betting.

Will I receive a payout if my horse does not win?
A payout may still be awarded if the selected horse finishes in one of the qualifying positions, such as 2nd, 3rd, or 4th. The return received depends on the finishing position and the fixed payout displayed at the time the bet was placed, rather than standard place odds.

Are Position Payout returns fixed at the time of placing a bet?
Yes. The payout amounts for each finishing position are fixed and clearly displayed before the bet is confirmed. Once the bet is placed, these returns are not affected by subsequent fluctuations in odds or market movements.

Is bet365 Position Payout available on all horse races?
No. bet365 only offer Position Payout on selected UK and Irish horse races on the day of the race. Availability depends on factors such as race type, number of runners, and market coverage. Not every UK or Irish horse race will include a Position Payout option.

How are dead heats settled in Position Payout markets?
In the event of a dead heat, bet365 settles the Position Payout market by paying both horses as winners, in accordance with the market rules. This means no reduction is applied to the payout due to the tied finish.

Final Thoughts...

The bet365 Position Payout horse racing offer is one of the most user-friendly betting innovations introduced to the gambling industry in recent years.

It's best suited to bettors who prioritise placed finishes over outright wins, and offers greater transparency, and better returns for second and third-place results than each-way betting.

bet365's Position Payout is particularly appealing if:

You’re confident a horse will place rather than win
The race looks closely contested
You want clear, fixed returns
You prefer simpler betting markets

An additional benefit is that in the event of a dead heat, bet365 Position Payout pays both horses as winners, which can make a big difference in tight finishes.

So, whether you’re new to betting on horse racing or a regular bettor looking for a smarter way to back placed horses, bet365's Position Payout is well worth exploring.