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