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Bet365 Position Payout: A Fresh Way for Aussie Punters to Bet on Horse Racing
New from bet365 Australia: Position Payout Betting
bet365 Australia has launched an innovative horse-racing market: Position Payout. Instead of the standard win or each-way bets, you’re backing a horse based on how much you’ll collect if it finishes 1st through to 4th.
Whether you’re a seasoned punter or just placing a weekend flutter, this new market offers more flexibility — and potentially better returns — especially when you’re backing short-priced favourites or roughies that might “sneak a place”.
Here’s a full rundown of how it works, how to place a bet, and the key terms Aussie racegoers need to know.
bet365
Use Code: 365AUCODE
What Is Position Payout?
Position Payout lets you back a runner to return a fixed payout depending on their finishing position — from first to fourth.
Unlike a traditional win or place bet where odds are fixed or tote-based, with this market you’ll see exact dollar returns for each position at the time you stake (for a standard stake). For example:
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1st place: $20 (on a $10 stake)
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2nd place: $13
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3rd place: $8
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4th place: $5
So even if your pick doesn’t win, you can still cash in if it finishes 2nd, 3rd or 4th. It’s especially handy if you’re backing a favourite (you get a return if it’s safe) or you fancy a roughie with a chance of sneaking into a placing.
How to Place a Position Payout Bet in Australia
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Go to the Horse Racing section in the bet365 Australia site or app.
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Select the race you’re interested in.
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Tap the “Position Payout” tab (if it’s available for that race) to view the payout structure for each runner.
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Choose your horse, enter your stake. The payout amounts will automatically adjust based on your stake (the structure remains the same).
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Confirm your bet.
It’s that simple.
bet365
Use Code: 365AUCODE
Promotions & Bet Credits
Good news: bet credits, bonuses, and horse-racing promos can still be used on Position Payout markets with bet365, but you’ll want to double-check each promotion’s eligibility as conditions apply.
Terms & Conditions (Key Points)
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Available on selected Australian and international horse races.
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The payout structure is fixed and displayed at the time of bet placement.
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Applies to the final official finishing position (subject to official results from Racing Australia).
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Standard racing rules and deductions may apply (e.g., if there’s a scratching).
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Promotions and bonuses must meet eligibility criteria to be valid for this market.
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Final Word for Aussie Punters
If you’re looking for more “safety” in your racing returns, or you just want to try something a little different on a Saturday at Flemington or Randwick, the Position Payout market is worth a look. It’s more forgiving than a straight win bet — you still get rewarded even if your horse doesn’t salivate — and it offers an interesting alternative to standard each-way bets.
Ready to give it a go? Head over to bet365 Australia, check the Position Payout markets, and back your pick with confidence.
Please remember: bet responsibly. Over 18s only. If you’re concerned, visit Gambling Help Online.
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