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. The betting pool is generated from individuals placing money on a Tote bet.Ī price quote for a horse on the Tote is the current dividend payout on the event of that outcome happening. A bookmaker win-only bet (on-the-nose) isn't the same as a Tote Win bet, as the bookmaker is offering fixed odds for that particular outcome, while the Tote is a dividend paid out from the betting pool.
Win, Place, Exacta, Trifecta, Quadpot, Placepot, Jackpot, Scoop6 and Swinger.Īs other bookmakers can offer similar gambling services it is necessary to disambiguate the bets. In February 2020 the Tote launched a new website for customers - The pooled bets offered by the Tote are: The Tote was sold by Betfred to the UK Tote Group in October 2019. The Tote was then sold to Betfred in July 2011 for £265 million, allowing them to offer parimutuel betting services. The firm was owned by the UK Government from 1928 and was the only bookmaker in Britain allowed to offer parimutuel betting on horse racing. The Tote is a bookmaker in Britain which offers parimutuel betting on British horse racing in Britain.
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