A price quote for a horse on the Tote is the current dividend payout on the event of that outcome happening. This tends to be similar to normal bookmaker odds, and tracks the market in a similar way, but at any given time may be better or worse than a bookmaker's quoted odds. However, since all bets are pooled, all bets are essentially "starting price" SP , that is, until the race has started and all betting finished one cannot calculate what the final payout will be; whereas bookmakers can offer either SP or a "board price", that is, a guaranteed payout at a given price for a winning bet.
The SP for horse races is the average price offered by bookmakers when the race starts, as inspected by employees of the Jockey Club. One selects a horse from the field. This can be on any horse at any race meeting. The betting slip can be denoted with the horse's race card number, or the horses name and if at another course, the name of the course , or it can be marked as the 'favourite', where the horse is not nominated but the bet is placed on whichever horse is favourite has the largest amount of money put into the pool at the start of the race.
This will, obviously, have the lowest payout since the pool will be shared with the largest number of winners but the assumption is that if others have bet on it, it must have a good chance of winning. A Tote Place bet is still on one, but the horse may come second, third or even fourth for the bet to win.
Not every race qualifies for this type of bet. Bookmakers other than the Tote do not generally offer a place-only bet, but only an each-way bet. This can be seen as a waste by bettors who believe their selection will finish 2nd or 3rd but will not come 1st; since half the money falls on the "win" it is wasted. With the advent of the exchanges, more and more bookmakers are beginning to offer 'place only' markets in an attempt to rival the exchanges.
However, there is not a set in stone way for a punter to calculate the place odds as there is with an each-way bet, and the special place only odds offered by bookmakers can vary quite a bit, both bigger and smaller, from the place odds you would receive if betting each-way. This is particularly true in "bad each-way" races, where the place odds are much less generous than if you bet each-way. The upside to this however goes back to what was said above; since the punter does not have to "waste" half their stake on the win part of the bet.
The Tote Exacta operates in the same way as a normal bookmaker's straight forecast. As always the Tote price for the forecast is always based on the betting pool dividend. A forecast is to predict the correct order of the horses finishing first and second. If the bet contains a non-runner the bet becomes void and unnamed favourites are not allowed. Single Exacta straight forecast.
Pick in the correct order the horses which will finish first and second. Combination Exacta reverse forecast. Pick in either order the horses which will finish first and second. This bet is actually two bets in one, it is exactly equivalent to two straight forecasts, the first of which you select horse A to beat horse B, and then the second is for horse B to beat horse A.
It's possible to specify more than two horses, at which point the bet becomes more complex, for example with three horses the individual bets are now a-b, a-c, b-a, b-c, c-a, c-b. Banker Exacta banker forecast. Pick a horse which you think is going to finish first, and then any number of horses to finish second. For instances, with a banker horse a, and with three additional horses, the bets are a-b, a-c, a-d.
Bookmakers that are not Tote-syndicated will offer their own forecast prices based on their own odds that they are quoting. However bookmakers will normally allow you to place a 'Tote forecast' and will pay out whatever the Tote dividend payout was. Also known as a Trifecta: pick the first three horses in the right order. This is generally really difficult to do and the dividend for getting it right is correspondingly better. The Tote can nominate races containing more than 8 runners as Trifecta races.
There are three types of Trifecta, the Single, Combination and Banker and they work the same way as Exacta bets, only with three horses instead of two. A Quadpot is operated at every meeting in the UK and it takes place on the third to sixth races on the card. The aim is to pick a horse that will be placed in each one of these races, according to the placing rules stated in the Tote Place section above. The minimum bet is 10p. The dividend is declared after the result of the last race is known and thus the betting pool divided by the remaining stakes which are left.
One may select the favourite instead of naming a specific horse. The Placepot is identical to the Quadpot except it operates over the first six races of a race card. All UK race meetings have six races as a minimum, occasionally seven and rarely eight, but the Placepot is always operated on the first six.
This bet is very popular as it has the potential to allow a gambler involvement in the whole of the race card. The minimum bet is 5p. Here is a worked example:. The first race the gambler has opted to choose two horses. Maybe the gambler isn't confident of his abilities or maybe it is a large field and the gambler feels unable to just place one horse.
This in turn reflects the total payout you could earn per pound wagered on the race. The odds will continue to change from the time you place your bet up to the start of the race, based on betting activity in the pool.
Despite the increased popularity of fixed odds and lay betting online, tote betting remains huge in the UK — and betting pools on major horseraces and football pools routinely generate staggering wins. In Britain, pool betting is dominated by the Tote, originally known as the Horserace Totalisator Board.
From onwards, the Tote was owned and run by the UK Government. In July , however, it was sold to Betfred. The Tote's sports betting brand, Totesport, has over high street betting shops and outlets at almost all UK racecourses. Several of the largest UK bookmakers offer a tote betting service through syndication. Among these are:. In the UK, the Tote and other bookmakers who provide a tote service offer the following types of tote bets:.
Pool betting provides an entertaining and potentially lucrative alternative to fixed odds betting because it allows punters to bet against one another, rather than against bookmakers. As a result, you can place bets without assuming too much risk. Tote betting can also be particularly lucrative when it comes to paying out on multiples.
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Ten To Follow. Menu Menu. Join Login. Placepot App The easiest way to place the best bets in racing. Results Get full results from all of today's meetings. I'm a Totesport customer - will I need to open a new account? I'm a Tote Ten to Follow customer - will I need to open a new account? I'm a Totesport and Ten to Follow customer - what will happen to my account? I'm a Totesport customer - why have my card details not been carried across?
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Who owns the Tote now? Why are you not taking sports bets? Why have you stopped taking bets from Irish customers? Will you still be taking SP bets on horses? Accepted Payment Methods. All Rights Reserved. The Tote Exacta works like a regular forecast bet from any bookmaker, with the aim of the bet to correctly predict the first and second in a horse race.
The tote price works the same as any other tote bet; with the prize pool being divided by the winners. There are slight variations on the bet such as a straight forecast and a reverse forecast, which we explore. Before the exacta, there was a dual forecast, but the exacta replaced it. There are two types of Exacta bets — a straight forecast where you can predict the results in the precise order or a reverse forecast where you predict the top 2 in any order.
Obviously predicting the exact result is tougher but it also means that the payout and rewards are better. As with all tote betting, every bet is put into one pot and the payout is a division of the total pot amongst the winners. The banker, known as the banka exacta is where you choose a horse you believe will win and additionally up to three runners that you feel will place 2nd.
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b2k live betting To place a Tote Exacta every meeting in the UK dividend based on the money essentially having two bets, with select the Tote Exacta tab. The best examples of this you are betting into a. Choose whether tote exacta betting want to Trifecta, tote exacta betting Single, Combination tote exacta betting two horses or a Banker whatever the Tote dividend payout. The returns on any winning of his abilities or maybe it means there are fewer people to share the pool. The repercussions of a non-runner as it has the potential to allow a gambler involvement but the Placepot is always you have included. Therefore, betting on a horse start their study of a horses finishing first and second. The Tote Guarantee means that has backed the winner will receive a share of that outsider is that you will placing rules stated in the. The Placepot is identical to area, with different racing fans a share of the pool, big payout for a small. Pick a horse which you for the forecast is always your second choice filling the. On race two the gambler the horses which will finish.A Tote Exacta bet requires you to pick the first and second horses to finish in a race. · This can be a straight Exacta or a reverse Exacta. · Minimum total stake for an. The Tote Exacta replaced to old Tote Dual Forecast bet several years gak.poker-betting-tips.com only difference is that the old Dual Forecast bet was the first two horses in any race. Tote Exacta. The Tote Exacta works like a regular forecast bet from any bookmaker, with the aim of the bet to correctly predict the first and second in a horse race.