- 1 How does the Tote work?
- 2 What is better fixed odds or tote?
- 3 What is a tote system?
- 4 How are Tote bets calculated?
- 5 How do you win a winning margin?
- 6 Can you bet on the Tote online?
- 7 Is Placepot a good bet?
- 8 What percentage does the Tote take?
- 9 What is a quinella bet?
- 10 What is Tote scoop6?
- 11 How does Tote Quadpot work?
- 12 What is a reverse exacta?
- 13 Can you bet just to place?
- 14 What is a win or place bet?
- 15 What happens if no one wins the Placepot?
How does the Tote work?
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.
What is better fixed odds or tote?
Since the payouts in totes bets are an approximation that gets better as the race draws nearer, it’s often worth waiting before placing your bet. In contrast, if you really want to back the favourite, perhaps fixed odds are the best way to go (so you avoid your winnings being diluted as more people make the same bet).
What is a tote system?
The term “tote board” comes from the colloquialism for “totalizator” (or “totalisator”), the name for the automated system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. The first all-mechanical totalisator was invented by George Julius.
How are Tote bets 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.
How do you win a winning margin?
Winning margin betting is when you place a bet predicting the goal difference that the winning team will win with. To give you a simple example, when you bet on a winning margin with 2 goals, the team then will need to win with 2 goals difference, i.e. 2-0, 3-1, 4-2 etc. Winning margin betting is very popular.
Can you bet on the Tote online?
Betting Online All online bets are covered by Tote Guarantee which means you will always receive SP or better. You can stream live UK and Irish racing without placing a bet. Bets can be placed on all UK and Irish racing alongside selected international racing.
Is Placepot a good bet?
It is not only the payouts that make the Placepot a great bet. If you’re looking to enjoy a day of racing, the Placepot can keep you entertained all afternoon. Tote Placepot provides a betting interest in the first six races on a card and for a small stake, you can land a share of big Placepot fund dividends.
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.
What is a quinella bet?
The definition of a Quinella bet is fairly straight forward: select two horses to finish one and two. As long as those are the first two finishers – in either order – you’re a winner! Yes: this is the same bet as an Exacta Box, but it’s a separate betting pool, so there is a different payout on Quinella betting.
What is Tote scoop6?
The Tote Scoop 6 is a Saturday horse racing pool bet where you try to pick the winner of six specified races to win either the entire pool or a share of it if there are multiple winners. All bets on the Scoop 6 are paid into the Tote pool betting system.
How does Tote Quadpot work?
The Tote Quadpot is a popular pool bet in which players must pick a horse to place in races 3, 4, 5 and 6 at a meeting in order to win a share of the Tote Quadpot dividend. The more bets placed on the Quadpot pool at the meeting, the larger the potential dividend for successful bets.
What is a reverse exacta?
The Reverse Exacta is the simplest form of Combination Exacta (see below). It’s a bet where you pick horses to finish first and second in any order. It comprises two Straight Exactas on your selections: Bet 1 – Horse 1 to finish first, Horse 2 to finish second. Bet 2 – Horse 2 to finish first, Horse 1 to finish second.
Can you bet just to place?
A place only bet is one of the simpler bets you can go for when having a wager on horse racing or greyhound racing. The term is usually used to describe a scenario in which the horse or greyhound is bet upon to finish in the top two or three, rather than whether or not it will win the race outright.
What is a win or place bet?
A Place bet is a bet type that requires you to select a horse to finish in the placings (1st, 2nd or 3rd). Your runner can finish either 1st, 2nd or 3rd for a winning resulted bet. Place bets will have a smaller payout than a Win Bet, as there is a higher chance of a winning outcome for the punter.
What happens if no one wins the Placepot?
What Happens If You Have A Non Runner In A Placepot? If any horse you select for your Placepot bet is a non-runner, your stake will be placed on the SP favourite – the horse that starts the race as the favourite.