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Fast forward nearly years and gambling and racing forged another strong partnership when Winston Churchill created the Tote.
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| Pre flop betting chart for kentucky | The Tote differs from regular, fixed-odds betting — like you would see tote betting meaning most regular bookmakers, whether law head be on-course, in shops or online — in the way that it generates its odds. For regular tote betting you will probably be better betting directly with Totesport or Betfred who as owners can offer all totepool bets. Quadpots are preferred by some punters as it is not quite as difficult to guess the places in four races versus six races in the placepot. Placing a bet on the Tote betting meaning Seeing as every bet affects the overall pot, odds are constantly moving whilst the market is live — much like you would see on a betting exchange, or in financial markets. The number of places available is given at the top of the list of runners for a race. Hence, if you enter into a totes bet, you will want to avoid what others are doing! |
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MATTHIAS HORX MEGATRENDS INVESTING
Unlike the conventional odds betting, where gamblers place an individual stake on a particular horse or greyhound, betting with the Tote is characterized by the unification of stakes into a special pool, just like lottery players do when they want to increase their chances of hitting the jackpot.
And just like with the lottery, the winning in tote betting are divided proportionally among all participants in the betting pool. The amount of potential winning is in direct correlation with the size of the pool. Therefore, playing in large pools provides more chances of winning but considerably smaller profit.
The Tote is the bookmaker that has the exclusive rights to provide tote betting services on the territory of the United Kingdom. Although there are many providers of tote sport betting services in the UK, as well as all over the world, they are all affiliated with the official Tote. In essence, it is a monopoly since all such provider are obliged to run all bets on horse and greyhound racing through the Tote. The history of tote betting dates back to when it was first introduced in Wigan.
Tote betting can be called a governmental project because it was created by the state authorities as an alternative to high street bookmakers that had fiercely resisted any regulations. Unlike many other governmental initiatives, tote betting gained vast popularity among the general population as its volumes grew exponentially. In , the rights to conduct tote betting were transferred to the private entity, namely BetFred, the bookmaker that is called the Tote in the gambling circles.
Hopefully, this answers the question of what is tote betting. Now, we would like to give you a brief explanation of the mechanics of tote betting. A short tote betting guide Despite the fact that the concept of tote betting is rather simple, you would still need to have some knowledge about the types of tote betting in order to bet successfully.
So, here is tote betting explained. If you are lucky to live in the UK, you can attend the horse racing course and place a bet at the Tote bookmaker counter. The minimum bet is only 2 pounds. Pick the horse or the greyhound you wish to put your stake on and check its number on your race card.
For a straight exacta you select two horses to finish 1st and 2nd in that order. A reverse exacta is when you choose two horses to finish 1st and 2nd in any order. As you are choosing two outcomes and therefore placing two bets, this doubles your stake. Trifecta and Reverse Trifecta A trifecta is when you select three horses to finish 1st, 2nd and 3rd in a race with eight or more runners. A reverse trifecta is when you choose three horses to finish 1st, 2nd and 3rd in any order.
Swinger A swinger is when you pick two horses to finish in the first three in a race in any order. There must be a total of six horses in the race to place this type of bet. Placepot This is one of the more popular types of pool betting, the placepot allows you to choose a horse to place in each of the first six races at a particular meeting. This bet must be placed before the racing starts. As with the above, three places are paid if there are eight or more runners in the race.
If a race has four or fewer runners then your horse must win. This is calculated by multiplying the number of selections in each race then multiplying this number by your stake. Jackpot This bet also requires you to select a horse in each of the first six races on the card and each horse must win. This is only available at one meeting per day rather than every meeting.
If the prize pot is not won, it will roll over the next day so potential dividends can be huge. Perm betting is also allowed and this works in the same way as the placepot. The bet can be placed with any bookmaker or online. Quadpot The quadpot enables you choose four horses instead of six to win the 3rd, 4th, 5th, and 6th races on the card.
The quadpot can be placed at any meeting rather than just one. It is also possible to make it a perm bet as explained above and the bet can be placed at any bookmakers or online. Returns tend to be lower than a placepot. Scoop6 The Scoop6 can be a life changing bet. You must pick all six horses to win the Scoop6 races selected by the operator each Saturday.
Of course it comprises the most devilishly difficult races across different tracks but the reward can be huge. This type of bet is exclusive to the UK.
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How to bet with the Tote - Pool Betting, Tote+, Tote Guarantee \u0026 World PoolDRAFTKINGS MAXIMUM BET
Each way This bet is very similar to the each way bet placed with bookmakers. The win and place bet are placed together. Exacta and Reverse Exacta This bet is when you select two horses to finish 1st and 2nd in a race. The same as a traditional forecast.
For a straight exacta you select two horses to finish 1st and 2nd in that order. A reverse exacta is when you choose two horses to finish 1st and 2nd in any order. As you are choosing two outcomes and therefore placing two bets, this doubles your stake. Trifecta and Reverse Trifecta A trifecta is when you select three horses to finish 1st, 2nd and 3rd in a race with eight or more runners.
A reverse trifecta is when you choose three horses to finish 1st, 2nd and 3rd in any order. Swinger A swinger is when you pick two horses to finish in the first three in a race in any order. There must be a total of six horses in the race to place this type of bet. Placepot This is one of the more popular types of pool betting, the placepot allows you to choose a horse to place in each of the first six races at a particular meeting. This bet must be placed before the racing starts. As with the above, three places are paid if there are eight or more runners in the race.
If a race has four or fewer runners then your horse must win. This is calculated by multiplying the number of selections in each race then multiplying this number by your stake. Jackpot This bet also requires you to select a horse in each of the first six races on the card and each horse must win. This is only available at one meeting per day rather than every meeting. If the prize pot is not won, it will roll over the next day so potential dividends can be huge.
Perm betting is also allowed and this works in the same way as the placepot. The bet can be placed with any bookmaker or online. Quadpot The quadpot enables you choose four horses instead of six to win the 3rd, 4th, 5th, and 6th races on the card. The quadpot can be placed at any meeting rather than just one. It is also possible to make it a perm bet as explained above and the bet can be placed at any bookmakers or online. Returns tend to be lower than a placepot.
Now, in , the Tote has been re-invigorated to bring even more opportunities to racing fans and betting aficionados. But before anyone starts betting on horse racing, it is vital to have an understanding of the types of bets available, which horses are worth betting on, and how to manage your stakes and betting banks.
The most simple and widely used bet type is the Win bet. Simply, select the horse you think will win the race or is best value - more on that later , and if it comes home first, your bet is a winner. Place bets allow for some margin for error. Depending on the number of runners, the position it needs to fill changes: 4 or fewer runners: No place betting Between 5 and 7 runners: The first two More than 8 runners: The first three Handicaps with 16 or more runners: The first four When betting with the Tote you also have other types of exotic bets to enjoy, which can yield big returns for a small outlay.
The Tote Exacta and Tote Trifecta require bettors to select the horses that will come first and second in the case of the Exacta, and first, second and third in that order , for the Trifecta. With a large range of combinations, the odds and subsequent rewards can be substantial. Single bets, i. The Tote Placepot and Quadpot are such examples. The task for anyone tackling either of these two bets is to find a horse to place in the first six races or races two-six in the case of the Quadpot on a given card.
Successfully negotiate your way through all legs and bettors win a share of the pool, depending on their initial stake. Other bet types are available with Sportsbooks and fixed odds-betting, but these are just a handful of the options available when betting with the Tote.
That means all the money staked on each horse in the race is pooled together. After the race, everyone who has backed the winner will receive a share of that pool money, depending on the size of their original stake. This way of betting is very different to betting with a traditional bookmaker. With the Tote you are betting against like-minded racing fans and bettors, rather than taking on the bookie.
The returns on any winning bet is determined by the number of people that have backed that particular horse. Therefore, betting on a horse that is less popular is ideal as it will mean a bigger winning dividend should it triumph. However you will always see an approximate estimation of the dividend based on the money currently in the pool for any given race. One of the major plus-points to betting with the Tote, especially when you fancy an outsider is that you will often receive a bigger payout.
The Tote Guarantee means that even when the bookmaker's SP is larger than the Tote dividend, we will top up bet returns online so that you are never worse off. This is particularly the case when it comes to the outsiders in the field. The reason for this is simple. Because fewer people are likely to have backed an outsider, it means there are fewer people to share the pool with. Tote Betting: Utilising your opinions Many horse racing bettors will start their study of a race by looking at the likely favourite.
By judging whether you feel that particular horse has as a good chance as the market suggests you can make a decision about whether to support the favourite, or look for something else in the race to oppose it with. Form study is a cavernous area, with different racing fans and bettors favouring different methods to dissect a race.
Whether it is looking at trainer form, recent performances, a horse's pedigree, race times, or something more advanced such as sectionals and stride lengths, bettors can find an edge into a particular race. Sometimes you can utilise your opinions to good effect by betting with the Tote.
For example, if you feel that the favourite is solid enough at the top of the market, but could be vulnerable to one of the next in the betting, a Combination Exacta could be the way to go. That way, you are protected if you favourite wins, with your second choice filling the runners-up spot. However, an Exacta which sees an outsider defeat the favourite, can often pay a very healthy dividend. Betting small to win big Of course, when placing any bet the opportunity to win a larger amount of money is always an attractive one.
