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 does Tote win mean?
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 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.
How does Tote win work?
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.
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).
What is the minimum bet on the tote?
The Tote Place bet is one in which you back a single horse to place in a race with a minimum stake of 50p, and your selection must win or place for a return. Tote Place bets are offered on all races that have five or more runners and are one of the most popular the Tote offers.
What is best of the best Ladbrokes?
Best of the best is the highest odds paid of the three main Australian totes or TopFluc. BOB betting will be available up to 35 minutes before a race with $250 the maximum amount per bet. Only used on selected events. Odds received at the time of bet placement.
Can you bet on the tote 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 does the TAB make money?
They make a living by advertising that they stand to lose huge amounts in gambling “games of skill” but it seems bookmakers aren’t too keen when they come up against punters who can actually win.
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 tote price?
Tote odds are the odds for any runner is determined initially by bookmakers, but the market pressure is added. How much money is placed on a runner will determine its tote price, depending on the size of the betting pool in total. Tote odds can fluctuate dramatically depending big bets coming late in the market.
How do you run a Tote?
The easiest way to do this is to make a simple Tally. Write the numbers one to eight down the left hand side of a sheet of A4 paper and put a tick next to each number every time you sell a ticket. Do this for every race. When the Tote closes you can quickly add up the number of bets placed / tickets sold.
What does the tote mean?
The Tote is different from traditional bookmakers, in that it is betting from a cumulative pool of prize money rather than on fixed odds return. This means you place your bet and your stake goes into a ‘pool’ of money. … Odds are affected by how many people bet, how much they bet, and who and what they bet on.