{"id":290,"date":"2021-06-01T19:38:00","date_gmt":"2021-06-01T19:38:00","guid":{"rendered":"https:\/\/wordpress-541674-1733461.cloudwaysapps.com\/?page_id=289"},"modified":"2023-03-31T19:50:00","modified_gmt":"2023-03-31T19:50:00","slug":"tote-bets","status":"publish","type":"page","link":"https:\/\/winnerwinner.co.uk\/bet-wiki\/bet-types\/tote-bets\/","title":{"rendered":"Tote Bets"},"content":{"rendered":"\n
What is \u2018The Tote\u2019?<\/strong> How does tote betting work? What is parimutuel betting?<\/strong> The most common form of parimutuel betting which people will be familiar with is the National Lottery which works on the same basis.<\/p>\n\n\n\n Example<\/strong>: In the example above the winner would be declared with a dividend of \u00a320.88 (inclusive of the original stake unit!) and each customer holding a \u00a31 ticket would receive this amount. It is possible to place multiple bets on the same pool and collect multiple winning dividends.<\/p>\n\n\n\n How much does the Tote deduct from each pool?<\/strong><\/p>\n\n\n\n
The Tote is the only bookmaker in Great Britain allowed to offer parimutuel betting on horse racing. It was previously owned and run by the British government from 1928 until 2011 at which point it was sold to Betfred.<\/p>\n\n\n\n
In tote betting all of the stakes on a particular event are collated and placed into a pool for that event. At this stage the tote remove a certain percentage from the pool for running the service (profit, tax and levies), these figures vary depending on the bet placed. Once the event is decided, and a winner known, the number of winners on each selection are calculated and the \u2018pool value\u2019 divided equally between the total winning tickets and a \u2018dividend\u2019 declared, usually to a \u00a31\/\u00a32 stake unit.<\/p>\n\n\n\n
Race 1 Gross Win Pool: \u00a320,000
Race 1 Tote Commision (16.5%): \u00a33,300
Race 1 Net Win Pool: \u00a316,7000
Race 1 Total Winning Tickets: 800
Race 1 Win Dividend: \u00a320.88<\/p>\n\n\n\n\n\n
\n\t \n\t Tote Win<\/td> 16.5%<\/td> 83.5%<\/td> \u00a31.00<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Place<\/td> 18.0%<\/td> 82.0%<\/td> \u00a31.00<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Exacta<\/td> 25.0%<\/td> 75.0%<\/td> \u00a30.10<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Trifecta<\/td> 25.0%<\/td> 75.0%<\/td> \u00a30.10<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Quadpot<\/td> 26.0%<\/td> 74.0%<\/td> \u00a30.10<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Placepot<\/td> 27.0%<\/td> 73.0%<\/td> \u00a30.10<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Jackpot<\/td> 29.0%<\/td> 71.0%<\/td> \u00a30.50<\/td> \u00a31.00<\/td>\n<\/tr>\n \n\t Tote Scoop6<\/td> 30.0%<\/td> 70.0%<\/td> \u00a32.00<\/td> \u00a32.00<\/td>\n<\/tr>\n \n\t Tote Swinger<\/td> 30.0%<\/td> 70.0%<\/td> \u00a30.10<\/td> \u00a31.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n