What is a tote and how to bet on it

The totalizator differs from traditional bookmakers in that it places bets from a cumulative fund of prize money, and not at fixed odds. This means that you place a bet and it goes into the “pool” of money. Each bet type has its own pool. The odds depend on how many people are betting, how much they are betting, and who and what.

All of these elements will affect your share of the win if your bet wins (the fewer people backing the same horse as you, the more money you get back). After the end of the race, the pool is divided: the tote gets a part of the pool, and the winners get a part depending on their bet. Previously, this only happened at the racecourse itself, but now you can also bet through online sweepstakes.

The origin of the betting

Initially, the tote was created in 1928 and belonged to the state. As horse racing betting became more popular after World War I, more people turned to unlicensed bookmakers rather than the official ones. This meant that some people could manipulate winnings and make big money that was not regulated.

With the backing of Winston Churchill, the sweepstakes was created to help regulate the process and ensure that betting profits go back directly to the industry and not get lost “in pockets”.

How to bet on the totalizator?

There are several different bets that can be placed , but the most popular are:

1. Simple

• Win – You choose one horse to win this race.
• Each side – you choose one horse to either win or place (counts as two bets – to win and to place).
• Place – You choose one horse to place in this race and where it will finish.

2. More difficult bets (with potentially bigger winnings):

• Exacta – You select two horses that are in the top two (in the correct order) in the same race.
• Trifecta – You select three horses that are in the top three (in the correct order) in the same race.
• Swinger – You choose three horses to finish in the top three (in any order) in the same race.
• Quadpot – You choose four horses to place in races 3, 4, 5 and 6 in this race.
• Placepot – You choose six horses to compete in the first 6 races of this race.
• Jackpot – You choose six winners from multiple Jackpot races organized that day.
• Scoop6 – You choose six winners from several high-profile Scoop6 races that take place on Friday or Saturday.

All racetracks have sweepstakes that display the latest odds. You can visit a sweepstakes or, if you are in the hospitality industry, you can probably bet with a representative who has a portable device. You can also take advantage of online sweepstakes.