I know it sounds like I am but really I'm not trying to be picky here, however -
I think something like Win bets 2 from 4, Place bets 3 from 4 and / or the return on win bets and the return on place bets would be more meaningful.
I say that because although none of the horses so far has been unplaced on a first to third basis, one didn't score a payout. In a system which is probably targetting very short priced horses most of the time the difference is probably important.

Cheers,
KV