The people who successfully negotiate all six races will win a share of the pool. With fixed odds betting at your local, on-course or high street bookmakers, you will be offered a fixed price for your chosen horse. With Tote betting, your stake money enters a pool with all of the other bets placed on the race. If you back a popular horse, the dividend will be lower and if you back an unpopular horse that happens to win, you can get paid out to some big dividends as less people in the pool will have backed it.
Tote odds are calculated by dividing the total pool by the number of winning tickets in the pool. There are a wide range of Tote bets for you to try, from single race wagers to multi-leg and exotic pools where you can win big for small stakes. Here are the different types of Tote bet to look out for on-course and your new Tote website:. Tote Win and Place pools are our most straightforward bets, where you can bet on a horse to Win or Place in a race.
The Tote Exacta requires you to find the first two horses to finish in a race. This can be a straight Exacta or a reverse Exacta. The reverse Exacta is when you pick the same two horses but they can finish in either order. The Tote Swinger is a great bet if you think two horses will run well in a race. You'll have a winning Tote Swinger if you've backed: 1st and 2nd placed horses, 1st and 3rd placed horses, 2nd and 3rd placed horses.
Like all Tote wagers, the less popular your selections, the higher your winnings. A Tote Trifecta is where you choose three horses to finish first, second and third in a race of your choice. Big dividend payouts are commonplace when you back the first three horses home in any race. You can bet on a straight Trifecta or a combination Trifecta. With a combination Trifecta you will include the six possible order permutations, so your stakes will multiply by the number of permutations you back.
Tote Placepot is your first bet of the day, our most popular bet type and a regular raceday ritual for horse racing fans. To win the Placepot pool, you must pick a horse to finish placed in the first six races at any given meeting. The Tote Quadpot requires you have to find a horse to place in races two, three, four and five at any given meeting. If your Placepot goes down in the first two legs, or if you think the first two races are too tricky, the Quadpot is for you as it starts from race three at any given meeting.
Get through the four legs of the Quadpot with a placed horse in each to win your share of the pool. In order to win a Tote Jackpot pool, you have to pick the first six winners at the chosen Jackpot meeting. Easier said than done, but if your single line or permutation wins the pool, you can get paid out at a big dividend for small stakes. Tote Scoop6 pools take place on Friday and Saturdays. We select six different races on the day and you must pick the winner of all six in order to win the pool.
Want to know more? Checkout our 'Cookies Policy' page. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. True parimutuel betting , which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.
Betting pools are not connected merely to sports, as there are topics such as deaths and births which people can bet on. Death pools usually involve well-known individuals, such as celebrities and sports figures, which the participants predict will die within a certain period of time, with more points being assigned to individuals who are under the age of 80 years or appear to be in generally good health. On the other hand, birth pools involve individuals picking specific dates in which someone, who can be either a celebrity or friend, gives birth.
Contestants predict the outcome of sporting events that take place at a later time. The concept was introduced in by Littlewoods Pools where it was known as Uri [ clarification needed ] and based on football matches. Today in England, sports lotteries are more commonly referred to as football pools. American sports lotteries often do not require contestants to purchase a lottery ticket or make an initial wager.
Hockey pools are common in North America and footy tipping in Australia. In the United States the most popular type of betting pool is the March Madness pools. It is estimated that 58 million Americans participate in the contest every year. There are also notable sport betting pools across the globe such as Hollywoodbets , American Totalisator , Sport Select and a lot more.
Employers have also noticed a change in the behavior of employees during this time. They have seen an increase in the number of sick days used, extended lunch breaks, and even the rescheduling of conference calls to allow for more tournament watching. Millions of people bet on the winners of all 39 bowl games, as of the football season, every year.
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