What is Tote in horse racing?
What is the Tote? 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. Each bet type has its own respective pool.
What is best Tote or SP?
Place component of each way bets is paid at Mid Tote only. This bet type will be available on selected meetings. Best Tote + SP is the highest odds paid of the three main Australian totes OR the final fixed price offered by us. Place component of each way bets is paid at Best Tote only.
How is the Tote calculated?
You are betting into the Tote Place pool for the race, in which the return (known as the Tote Place dividend) is determined by the proportion of money bet into the pool on each of the runners. Bookmakers set their own prices, so the odds they offer reflect their view on the chances of each runner.
How do Tote prices 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 top Tote?
Top Tote Plus is a bet type that guarantees punters the higher of: the best price declared on the three totes or the official starting price. Top Tote Plus is a great option when betting during the 30 minutes before the race when Top Fluc and Best of the Best are no longer available.
What is a Tote win bet?
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.
What is best tote plus?
What is Tote in warehouse?
In logistics, a tote is a container that’s used to transport or store a large volume of liquid, semi-solids, or solids. Other names for a tote include plastic agricultural cases and bulk bins. Intermediate bulk containers (IBC) are the most common solution utilized in the supply chain management industry.
What is SP and Tote?
With your new Tote Guarantee, you’ll never be paid less than SP. This means, that if the dividend pays less we’ll bump it up to match the price of the horse at the off. However, if the dividend beats SP, we’ll pay you out at the bigger price. Read more about the Tote Guarantee.
How does the Tote make money?
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.
What is each-way TT?
An each-way bet combines two bets into one; a win bet and a place bet. A $10 each-way bet means that the bettor is wagering $20 in total; $10 for the win and $10 for the place. If the runner finishes 2nd or 3rd, the bettor will receive the place dividend.
What is best Tote and how does it work?
Best Tote is a highly useful racing betting product. It is best used in the 30-minute lead up to a horse race when other bet types like Best of the Best and Top Fluc are no longer available. However, Best Tote should not be used when the Top Tote Plus bet type is available, as it pays the best of the three tote prices or the starting price.
What is the meaning of Totes?
Definition of totes. 1 slang : totally, completely We’re in Peru, and Arie is totes amazed that he might be engaged by the end of this week.
What is best of 2 totes?
Best Tote is most useful during mid-week meetings when it can be a better option than taking the current fixed odds price. It is a superior bet type to the Mid Tote and the Home Tote products. What is Best of 2 Totes?
What is the best Tote bet?
Best Tote is most useful during mid-week meetings when it can be a better option than taking the current fixed odds price. It is a superior bet type to the Mid Tote and the Home Tote products.