You know Phar

When i first played with Betfair i used to muck around with US racing in the morning. I watched it live via an internet site which is on the tip of my tongue >> perahps espnracing.com or links off that site. I would always notice the place and show on the tote prices paying more then $2. I understand the show and place etc etc difference but never really ventured into why it was always better then evens. For a few days it did cross my mind that it runs on $2. Now i know!
Can you bet for only 1st and 2nd on that site? or is it just top 3 unlike US racing