What is a Tote win bet?

How does a Tote bet work?

Tote betting is when all bets placed on an event or race is placed into a pool. The odds of a individual runner is calculated by the dividing the total pool (all wagers on all runners) minus any amount the house takes, divided by the amount wagered on that runner.

What is Tote win in horse racing?

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. Using the example of a four horse race where $320 is in the win pool –

Should I bet fixed or Tote?

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 Tote tab?

Information. Betting on the TAB Tote means you are betting into a pool with everyone else who is betting on the same race and bet type as you. The odds displayed for each runner are approximate dividends and may change. … Tote betting is also referred to as parimutuel betting.

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How is the tote calculated?

Tote betting explained

If you make a winning bet, the size of your dividend is determined by the percentage of the money in the Tote pool that was wagered on your selection. The lower the percentage of money in the pool staked on the winner, the greater the share of the pool earned by winning units.

How are Tote winnings calculated?

The number of winning lines you have is calculated by multiplying the amount of successful lines in each leg together to get your total. To work out how much you have won, multiply your stake per line by the amount of winning lines you have.

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 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.

What is each way TT+?

Top Tote Plus (TT+)

Choosing Top Tote Plus Odds means you will always get the best return out of all three TABs or the Starting Price (whichever is higher) on all Australian Metro Races. Example: You select TT+ Odds for your Bet and you Win. TAB.

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What is tote vs fixed?

How is a Tote Win bet different from a fixed-odds win bet? First, you are betting into the Tote Win pool for the race. Unlike with the odds offered by a fixed-odds bookmaker) the Tote Win dividend is determined solely by what proportion of money bet into the pool has been bet on each of the runners.

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 do an all up bet?

An All Up is a single bet which automatically reinvests winnings from one race, referred to as a leg, to another. You can include up to 6 legs in an All Up bet, take different Tote bet types in each leg (i.e. Win, Place, Each Way or Quinella) and have multiple selections in all or any of the legs.