What is ‘Outright’?

'Outright' or 'Place' betting offers the possibility to choose from a list of alternatives and to bet that a participant wins or ends at a specified position in the rankings of a certain event/competition.
 
Example: Tour of Flanders - Tom Boonen 'top 1-3': If Tom Boone rides in the top three, the bet is won.
In the event that Tom Boonen would not appear at the start or would have to quit the match early, the bet will remain valid.