Day At The Track

NZ TAB to introduce Place6 betting

02:36 AM 16 Nov 2012 NZDT
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The TAB will launch an exciting new racing bet - Place6 - on Saturday December 8, giving punters a novel way of betting on all New Zealand harness racing, greyhound, and galloping meetings and selected overseas feature meetings.

Place6 requires the successful selection of six placegetters in six races. That means there's more ways to win, with hundreds of possible winning combinations in every Place6 bet.

AB Head of Race Wagering Michael Dore said Place6 was a great addition to the TAB's totalisator race betting stable.

"Place6 has got some nuances that are quite different to other bet types, the best being that there are just so many ways to win it.

"With six races and three placegetters in each race, Place6 offers more than 700 possible winning combinations, provided each leg has three dividend-bearing places.

"Another great aspect is that, for customers who take, say, a couple of runners in some legs and both runners happen to place, then they can actually win the dividend a number of times. So punters will certainly be in for some pleasant surprises."

Another pleasant surprise would be the potential for some sizeable collects with Place6, said Dore.

"Looking at the place pot in the United Kingdom on a very similar product, half the dividends were more than $150. The average dividend was actually around $440, so collects could well be a lot more than people might expect."

Dore said Place6 would nicely complement the TAB's Pick6, where punters must have the winners of six selected races.

"For those meetings with a Pick6 the Place6 will be available on the same races - the last six races of the meeting. So if punters are taking a Pick6 then taking a Place6 will be an insurance or concession bet."

Punters will be able to take a Place6 bet from as little as $1. Percentage betting will be available. Place6 will be available through at all TAB outlets and via all sales channels.

by John MITCHELL (Communications - NZ TAB)

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