FA Cup) where the quoted place terms may be 1⁄ 2. Examples are domestic football knockout competitions (e.g.
The trade-off being that one has a greater chance of making one's bet in trade for getting less payoff for doing so. The odds paid on the place part of the bet are usually a fraction (commonly 1⁄ 2, 1⁄ 3, 1⁄ 4 or 1⁄ 5) of the win odds. For the place part of the bet to give a return, the selection must either win or finish in one of the predetermined places for the event, such as first place or second place. For the win part of the bet to give a return, the selection must win, or finish first, in the event. Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification.
