How are Tote odds calculated?

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.

Is it better to bet on the Tote?

One of the major plus-points to betting with the Tote, especially when you fancy an outsider is that you will often receive a bigger payout. The Tote Guarantee means that even when the bookmaker’s SP is larger than the Tote dividend, we will top up bet returns online so that you are never worse off.

Do Tote odds change?

Tote odds are the odds for any runner is determined initially by bookmakers, but the market pressure is added. How much money is placed on a runner will determine its tote price, depending on the size of the betting pool in total. Tote odds can fluctuate dramatically depending big bets coming late in the market.

Is it better to bet on the Tote or fixed?

Since the payouts in totes bets are an approximation that gets better as the race draws nearer, it’s often worth waiting before placing your bet. In contrast, if you really want to back the favourite, perhaps fixed odds are the best way to go (so you avoid your winnings being diluted as more people make the same bet).

What is best Tote or SP?

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. This bet type will be available on selected meetings. Starting price is the final fixed price offered by us.

What is the difference between Tote and fixed odds?

Fixed-odds bookmakers set their own prices so the odds on offer will reflect the opinion of the odds compilers around the race rather than where punters’ money is going. Secondly, Tote Win bets are always paid out at the Tote Win dividend assigned to the winning horse at the start of the race.

What percentage does the Tote take?

It is the second time the Tote have increased win pool deductions since Betfred took over ownership of the operation. In October 2012 deductions rose to 16.5 per cent from 13.5 per cent, the first change since the-then Tote chairman Peter Jones reduced it from 16 per cent in March 2003.

What is Tote guarantee?

What is Tote Guarantee? Tote Guarantee means we will always pay at least SP on Win bets. Where the Tote dividend is greater than SP, you’ll get paid the bigger amount. Tote Guarantee applies to Tote Win and win part of each way bets on all UK & Irish races. Available online at Tote.co.uk/Tote.ie and via our Tote app.

Whats the difference between Tote and fixed odds?

What are fixed and Tote odds?

There are two frameworks by which bookmakers can set odds. The Tote (Parimutuel betting) is commonly used for horse racing, while fixed odds betting is commonly used for sports.

What’s the difference between Tote and fixed odds?

What is best tote or SP?