How Does The Tote Work In Horse Racing?

WHAT IS THE TOTE? The Tote essentially works in a similar way to the lottery. Punters pick their horses and put their money into a cumulative pool – everyone with a winning ticket shares a percentage of the pot. If fewer people backed your horse, you will get a greater share if it wins.

How are Tote winnings calculated?

Calculating your potential winnings on Tote Win bets
If your horse wins, the returns are calculated by dividing the pool after Tote’s deductions by the number of winning units. £1 is equal to one unit and you’ll be paid out in proportion to your stake.

What percentage does the Tote take?

How is the Tote Placepot prize pool calculated and shared? A deduction of 27% is taken from the total pool, then the remaining 73% is divided among the winners. For example, if the pool is £100,000, the deduction will be £27,000.

Is it better to bet on fixed or Tote?

Our Verdict on Fixed Odds or Tote Odds
We suggest betting on the fixed odds market if you’re looking for early value. Markets for Saturday races open on Wednesday, so if you’re early, you can lock in good value. However, betting on the tote close to start time is a good option.

Does the Tote close winning accounts?

For the avoidance of doubt, customers with long term winning records are welcome at the tote and will not be restricted from promotions because of their successful betting activity.

What is the minimum bet on the Tote?

The Tote has a minimum bet of just £2 and accepts cash and card across all courses making it one of the most convenient ways to place a bet on-course. There are various different bet types available with the Tote.

Whats the difference between win and Tote?

How is a Tote Win bet different from a fixed-odds win bet? First, you are betting into the Tote Win pool for the race. Unlike with the odds offered by a fixed-odds bookmaker) the Tote Win dividend is determined solely by what proportion of money bet into the pool has been bet on each of the runners.

Can you take a price with the Tote?

Bookmakers set their own prices, so the odds they offer reflect their view on the chances of each runner. The Tote Place pool is a transparent and accurate reflection of all the bets made by that method. This means you can’t take a price on a Tote Place bet, which is always paid out at the Tote Place dividend.

What is the maximum bet on the Tote?

There are no maximum limits to the amount of money that can be staked or won on a Tote bet. (The size of the pool provides a natural limit to the available winnings).

How do you win the Tote Placepot?

Winning the Tote Placepot
To win the Placepot you just need to have a horse placed in the first six races at any meeting. How many places are on offer depends on how many runners are in a race and the same terms apply to the Tote Place pool.

What are the safest bets for horse racing?

The safest bet in horse racing is an each-way single bet. A single bet means you do not need multiple horses for you to receive a return for your bet.

What is the best bet type for horse racing?

A show wager will yield the lowest payoff but offers the greatest chance of winning. The minimum bet for a win, place or show wager is only $2. Exotic wagers involve betting on two or more horses, either within a single race or across multiple races.

What is the safest type of bet?

Double Chance allows betting on two outcomes of a sporting event, increasing the chances of winning. This type of bet is commonly used in football matches. It’s one of the easiest and safest bets on football because it involves two possible results.

How long does Tote withdrawal take?

3-5 working days
How long does it take to withdraw my money? Depending on your bank, withdrawals will usually clear within 3-5 working days.

How does Tote Jackpot work?

The Tote Jackpot is a bet where you have to pick the first 6 winners at a meeting nominated by The Tote. The bet is available every day of the week excluding Saturday. The minimum stake is £1 and multiples are in multiples of 50p.

What is best Tote or SP?

Best Tote + SP is the highest odds paid of the three main Australian totes OR the final fixed price offered by us. Place component of each way bets is paid at Best Tote only. This bet type will be available on selected meetings.

Can you do multiple bets on the Tote?

Alongside normal tote betting options, they also offer Tote multiple bets.

How much should you bet per unit?

This is called your betting unit size. We typically recommend that a sports investor bet 1%-3% of their bankroll on each bet. Conservative sports investors (or beginners) should bet 1%-2% on a play.

Is it better to bet big or small on slots?

Even in pure dollars and cents, playing higher-denomination games means bigger bets and more risk. If you’re betting $3 on a three-coin dollar slot that pays 95 percent, your average losses will be more money than if you’re betting 40 cents on a 40-line 1-cent game that pays 86 percent.

What is the purpose of a Tote?

Tote bags are commonly used for carrying shopping. The tote bag’s bigger size makes it perfect for transporting essentials and for providing a comfortable and reusable alternative to plastic shopping bags.

Do Tote odds change?

Parimutuel betting
With the Tote the bookmaker displays the approximate odds that they believe you will receive. This approximation is based on the quantities of bets received to that point. These odds will change, however, depending on how much additional money is placed on each outcome.