Your question: How do tote bets work?

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.

Is tote or fixed better?

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 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.

Can you take a price on 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.

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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.

Is the Tote better?

The Tote Guarantee means there’s no reason to avoid the Tote Win bet if you’re backing favourites or horses towards the top of the market either. If you back a winner with a Tote Win bet you will only ever get the industry-wide SP or better if the Tote Win dividend for your selection is greater.

What is best tote plus?

What is Top Tote Plus? Top Tote Plus is a bet type that guarantees punters the higher of: the best price declared on the three totes or the official starting price. Top Tote Plus is a great option when betting during the 30 minutes before the race when Top Fluc and Best of the Best are no longer available.

Are Placepots profitable?

Are Placepots profitable? Although Placepots are first and foremost considered a pool bet that gives a lot of fun for a small investment, they can be profitable in the long term.

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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.

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.

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.

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.

What is a placepot bet?

The placepot is a parimutuel betting market in horse racing that involves backing a selection of horses to place across a particular racecard. The punter may choose more than one horse for each race but the more horses that are selected, the more the stake multiplies. …