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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def bet_place( self, betting_market_id, amount_to_bet, backer_multiplier, back_or_lay, account=None, **kwargs ):
 """ Place a bet :param str betting_market_id: The identifier for the market to bet in :param peerplays.amount.Amount amount_to_bet: Amount to bet with :param int backer_multiplier: Multipler for backer :param str back_or_lay: "back" or "lay" the bet :param str account: (optional) the account to bet (defaults to ``default_account``) """

        from . import GRAPHENE_BETTING_ODDS_PRECISION

        assert isinstance(amount_to_bet, Amount)
        assert back_or_lay in ["back", "lay"]
        if not account:
            if "default_account" in self.config:
                account = self.config["default_account"]
        if not account:
            raise ValueError("You need to provide an account")
        account = Account(account)
        bm = BettingMarket(betting_market_id)
        op = operations.Bet_place(
            **{
                "fee": {"amount": 0, "asset_id": "1.3.0"},
                "bettor_id": account["id"],
                "betting_market_id": bm["id"],
                "amount_to_bet": amount_to_bet.json(),
                "backer_multiplier": (
                    int(backer_multiplier * GRAPHENE_BETTING_ODDS_PRECISION)
                ),
                "back_or_lay": back_or_lay,
                "prefix": self.prefix,
            }
        )
        return self.finalizeOp(op, account["name"], "active", **kwargs)