OZmium Sports Betting and Horse Racing Forums

Quote:

Originally Posted by Shaun

Centre Racing also offer a service called concession betting, they will give you a smaller price on your selection but will return you money back if it runs a place, could be good for runners below the $2.50 mark.

This used to be popular many years ago at the tracks.
Especially dogs and trots where there was usually Odds On Favourites in a lot of Races.
Its the same as backing an animal for the Win, and having an appropriate amount for the Place so that the Place Return equals the total Outlay.