place money

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English[edit]

Noun[edit]

place money (uncountable)

  1. (gambling) Money wagered on a horse, etc. to come second or third in a race, rather than winning it.
  2. (gambling) The payout on such a wager.
    • 2005, Kenneth Brown, ...and I Survived: A Barnardo Boy's Memoir, page 55:
      Not only did I collect on the double; I had the win and the place money as well.
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