How does a tote bet work?

Should I bet Tote or fixed?

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).

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.

What is a Tote win bet?

The Tote Win bet is one in which you back a horse to win a race using the Tote, the UK’s historic pool betting operator. The minimum stake is 50p.

How do you bet on 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.

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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.

How do you get Tote winnings?

How do I claim any Tote winnings once I leave the course? Winning tickets should be claimed on the day or at a future meeting from any Tote window at one of our 55 racecourses. All payments will be made via BACS transfer.

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 Tote price?

Simply put, the Tote is all the bets placed into a pool for a race. The odds of a runner are calculated by the dividing the total pool (all wagers on all runners) and dividing by the amount wagered on that runner.

What percentage does TAB take?

The odds displayed for each runner are approximate dividends and may change. When the race is over, the TAB takes a fixed commission out of the pool (ranging from 14.25% to 25% depending on the bet type) and then all of the remaining funds are divided among the winners.

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What is a fo bet?

A First Four wager is when the first four runners are selected and nominated in that order for the wager to be successful. Standout and Box First Four bets are available. Doubles.

How do I put money on my TAB account?

Making a Deposit

  1. Select the Menu navigation.
  2. Select My Account then Deposit button.
  3. Select the Credit Card you wish to deposit from in Credit Card Number area (Note: you can also Add, Edit or Remove Credit Cards from options underneath this area)