Tote betting in the United Kingdom is extremely popular for horse racing events. Punters in the UK place tote bets on many local and international thoroughbred racing events held throughout the year. As with pari-mutuel betting, tote betting is popular because the odds can vary widely and are somewhat dynamic, depending on how many people are in the pool and how many win. Bettors in the UK choose to bet on the tote rather than fixed odds because they feel that the tote is a better value. Racebooks and bookmakers make choices about what to offer as odds, while the tote has a more captive audience.
Discover the secret workings of tote betting in horse racing and start raking in the winnings. We have pooled the wisdom of our top tipsters to illuminate the shadowy world of what tote betting is and how to calculate the odds. Here's the full line-up of sportsbooks in England that offer tote betting.
Best Horse Tote Betting Sites in UK
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Operator
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Features
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Claim Now
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100% Match
Up to $100 |
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100% Match
Up to R3000 |
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100% UP TO €25
+ €10 FREE BET |
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Bet €10 Get €30
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Bet €10 Get €30
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Bet €20 win €200
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R1000
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What you will find on this page:
- What Is Tote Betting?
- How Does Tote Betting Work?
- Types of Tote Bets Online
- Pros of Tote Betting
- Cons of Tote Betting
- Which Countries Use the Tote?
What Is Tote Betting?
Betting is a simple term. It is an innovative system of wagering where participants choose winning horses and place them in a cumulative pool that includes other players' wagers. Sometimes these events get really big. The payout on a winning ticket goes to all players who had winning place and show bets. The total amount that goes to all winners is a function of how many people won and how many payouts they receive. Not all bets are the same. Learn how to be a smart bettor in the sections below.
How Does Tote Betting Work?
Selecting the tote betting system requires that you pay close attention to the advertised odds for the particular horse race. You can either choose the fixed odds that the bookmakers set before the race, or you can choose tote odds that fluctuate as more money is added to the pot. In my experience, the more you use the tote betting system, the better you understand it and the better your chances of winning in tote pools. Here's a step-by-step guide to winning at the tote pool.
- Select a horse from the lineup (consider the odds when making your selection).
- Wager on a horse to win or place, meaning that the horse will finish first in the race. A betting slip is a handy way to keep track of what you've bet on which horses in which races.
- If the horse is considered a "favorite", you will not collect a large portion of the winnings. It indicates that the horse's odds pay out the least.
- Therefore, the smaller the number of punters who picked the winning horse, the larger your share will be.
Types of Tote Bets Online
While it may seem like a good idea to go with the trendy bet, the actual odds of winning make it a bad bet. Here are some ways to trim this bet so that it doesn't push you over the edge when (and if) you win: 1. **Pick a horse to win a race that millions of people are betting on. Your payout will be smaller, but so will your losses. 2. **Use place and show as safe options.** I'd rather hit a quarter on a place bet (if necessary) on a sure thing than lose a dollar trying to nail down a win bet when the favorite is running. 3. **Bet on low-stakes events.** Bet on less popular races. The odds of winning will be better, and the payouts may surprise you.
- Tote Exacta - bettors must predict the order in which horses will finish in first and second place.
- Tote Trifecta - bettors must guess the first three horses in exact order.
- Each-Way - a combination of a Tote Win bet and a Tote Place bet.
- Tote Placepot - during the first six horse races on your race card, the bettor must predict the winner of each individual race.
Pros of Tote Betting
Tote bets offer a number of advantages over standard fixed odds bets. These include 1. Better odds. 2. A much larger pool of money to win. 3. The opportunity for much larger payouts. 4. The ability to cash out and see some of your winnings before the race is completed.
The betting system used by many racetrack operators is known as tote betting. This system allows customers to participate in the betting pool and win if their bets are successful. It gives customers almost unlimited freedom in how much they want to bet on a particular race. And, perhaps most importantly, it provides an advantage over fixed odds bookmakers, who can - and often do - refuse bets from high-stakes or smart customers.
Tote betting, or pari-mutuel wagering, is a common form of betting on horse and greyhound races. In this system, all bets are pooled together and those who bet on the winner share the payout from the pool. This encourages collusion between players. The tote helps maintain the fairness and integrity of racing by preventing horseplayers from manipulating fixed odds betting by delaying a race to ensure a generous return. In addition, the large sums of money staked also drive down the payouts, which acts as a deterrent to any potential collusion.
Cons of Tote Betting
Betting on the tote, which is a form of pari-mutuel betting, can be problematic for punters who want to know the exact return they will get when they place a bet. This is because the pool must be closed before the prices are calculated, leaving us with a bit of uncertainty. Consider a situation where a horse goes off at around 5.50. If late money is driving his odds down, what's a poor punter to do when trying to figure out if what is essentially a 4.50 return is even close to representing value?
Tote betting is a type of betting where the money wagered on a race is pooled together. When you bet on a race using this system, your horse is in direct competition not only with the horses in the race, but also with the people who have placed bets on those other horses. You can think of tote betting as betting with and against everyone else who is betting. In tote betting, the odds are set in relation to the total amount of money bet on each race. When a big bet hits the market, such as when the total pool suddenly jumps, it affects the odds and payouts for everyone else who has bet. So when one person makes a big bet, it's not just that person's potential winnings that are at stake, it's also potentially affecting a lot of other people.
Which Countries Use the Tote?
In the UK, a popular betting medium for jackpot style pools is tote betting. In this arrangement, customers must bet on multiple winning horses in order to receive a reward. However, in an area where the pari-mutuel medium is more common, tote betting is not widely used on a race-to-race basis.
Tote betting, also known as Pari Mutuel Urbain (PMU), is a form of betting administered by the French government. This state-controlled monopoly is the most popular form of gambling in the country.
Betting by tote, operated by PMU in France, is a way for customers to easily and conveniently bet on horse racing. It offers a structure unlike most betting shops, using a pool betting structure that allows customers to place bets through an extensive network of over 10,000 points of sale, or by phone, internet or mobile. As one of the largest tote operators in the world, PMU's totes offer customers an easy way to access sports betting.
In the United States, horse racing tracks use an exclusive system called tote betting. At each racetrack, a large board displays the current payout for each of the runners based on the amount of money in the pool. It shows how much a person would win if they had bet on that runner to win. Returns are calculated on a $2 bet. And bets can be placed at a variety of levels, so winning is not the only way to collect.
Totalizator pool betting is a very common form of betting on horse races and can be found in many places around the world. It is particularly common in countries such as Hong Kong and Japan, where it is an official and legal form of betting on horse racing.