In India, the tote betting system is extremely popular during horse racing tournaments. Indian punters wager their money on the tote system at a number of local and international thoroughbred racing events throughout the year. Like pari-mutuel systems, tote betting is attractive because the odds fluctuate based on the number of winners in the pool. Unlike those who wager on fixed odds, tote bettors don't know what the payout will be until the race is over and the winners are declared.
Discover how tote bets work in horse racing and set yourself on the path to today's winnings. We have pooled the wisdom of our expert tipsters to elucidate what tote betting entails and demystify the odds. Here is a panoply of unparalleled sports betting sites in India that offer tote betting to their clientele.
Best Horse Tote Betting Sites in India
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100% Match
Up to $100 |
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100% Match
Up to $300 |
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100% UP TO €25
+ €10 FREE BET |
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Bet €10 Get €30
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Bet €10 Get €30
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Bet €20 win €200
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R100
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What you will find on this page:
- What Is Tote Betting?
- How Does Tote Betting Work?
- Types of Tote Bets Online
- Pros of Tote Betting
- Cons of Tote Betting
- Which Countries Use the Tote?
What Is Tote Betting?
Our definition of tote betting is quite simple. It is a betting system in which punters select the winning horses and place a bet not only in an individual pool, but also in a cumulative pool that includes other bettors. The payout for a winning ticket is shared among the punters with winning bets. The amount the players receive is based on how many people won the pot. These winnings are distributed at a rate that makes for a pretty good return at the end of the day. Not all bets are created equal, and this system takes that into account in a straightforward way.
How Does Tote Betting Work?
If you choose the tote betting system, you need to pay close attention to the odds offered for the particular horse race. You have two main options when betting on any race: you can either choose the fixed odds offered by the bookmakers before the race starts, or you can choose the tote, whose odds reflect the amount of money in the pot and the number of bettors who have joined the betting party. The tote offers a few different betting options, but in our opinion the two best are: using the win bet to back a single horse; and using the place bet to back a horse to finish first, second, or third. Here's how to do it.
- Select a horse from the group, taking into account its chances of winning.
- Place a bet on a horse to win or place in the race. Your bet slip will show the name of the horse so you can follow the action.
- If a horse is listed as the favorite, your piece of the payout pie won't be very big. This makes sense because the favorite pays the least amount of money.
- So the smaller the number of punters who picked the winning horse, the larger your share.
Types of Tote Bets Online
Although it may seem like a smart choice to pick the trend bet, the percentage return on it does not justify calling it a good bet. Consider these alternative forms of tote bets that may offer a better payoff if you win.
- Exacta Tote - bettors must predict the order in which horses will finish first and second.
- Tote Trifecta - guessing the first three horses in the correct order.
- Each-Way - a combination of a Tote Win bet and a Tote Place bet.
- Placepot Tote - during the first six horse races listed on your race card, the bettor must identify the winner of each race in order to collect a winning ticket.
Pros of Tote Betting
Compared to fixed odds betting, tote betting offers several advantages to the punter. # Advantages of Tote Betting 1. **More favorable odds**. 2. **A larger pool of money to win. 3. **The potential to generate higher payouts. 4. **Payouts before the race is over. Let's look at each of these in more detail. In addition, we'll look at why this all comes together pretty neatly from the player's perspective.
Various racetrack operators share a betting system called tote betting, in which pools of shared money are used to pay off winning bettors. You could think of it as the business class of horse racing. Unlike other forms of gambling, the choice of how much to bet and on what is much freer and more flexible. And while bookmakers make a deal with the bettor at fixed, predetermined odds, tote betting has the better payoff. Why is that? Well, for one thing, tote pools tend to be much larger.
Tote betting, or pari-mutuel wagering, is a common form of betting on horse and greyhound races. This system pools all bets and pays out from the pool to those who bet on the winners; this encourages cooperation since all bets can win or lose together. The tote helps keep racing fair and honest by preventing horseplayers from manipulating fixed odds betting, for example, by delaying a race until the betting pool is large enough to ensure generous returns. In addition, when large sums of money are wagered, they reduce the payouts, which in turn acts as a disincentive to anyone considering a fix.
Cons of Tote Betting
This type of betting, which is a form of pari-mutuel betting, can be difficult for customers to understand because they cannot know in advance what their return will be when they place their bet. The pool must close before prices are calculated, which in itself adds a little uncertainty. For example, if a horse was priced at 5.50 and then late money drives its odds down, this can be particularly problematic for those who are value players and need to know what price represents value to them and what price does not.
Mutuel betting is not a form of fixed odds betting. In fixed odds betting, the winning bettor knows the payout he or she will receive at the time the bet is placed. The payouts to winning bettors in a mutuel pool are not fixed at the time the bets are placed, and the amounts won may vary depending on the number and types of bets placed in the pool. In tote betting, the total amount wagered on each race determines the odds. When a single large bet affects the market, such as when the total pool suddenly balloons, it can have a ripple effect and change the odds and payouts for everyone else who put money on the line. In other words, one big bet can serve to change the betting landscape itself for everyone else.
Which Countries Use the Tote?
In the UK, jackpot-style betting pools are a fairly common affair. These jackpot-style betting opportunities allow a bettor to wager on multiple outcomes with the understanding that if all the selected outcomes are winners, they will receive a substantial cash reward. UK bettors have this type of opportunity on a fairly regular basis. But betting on the ponies in this way is a somewhat unique British pastime.
Tote betting, also known as Pari Mutuel Urbain (PMU), is a form of betting administered by the French government. A monopoly controlled by the state, it is the most popular form of gambling in the country. The PMU in France operates what is known as tote betting, which is a preferred and user-friendly way for patrons to place bets on equestrian events. It offers a unique system that uses a pool betting structure that allows users to place their bets through an immense network of more than 10,000 points of sale, or by phone, internet or mobile device. As one of the largest tote operators in the world, PMU's totes offer customers effortless access to indulge their love of sports betting.
In the exclusive system of racetracks in the United States, there is a large board at each of the racetracks that displays the latest payoffs for each of the runners. The payouts shown are based on how much money has been wagered in the pool. If you are wagering on the tote system, your winnings are calculated on a $2 stake and can be placed on any type of single win bet, combination exacta, trifecta, etc.
Totalizer betting is one of the most common forms of betting on horse racing. It is used in places around the world where horse racing takes place. It has a strong following in places like Japan and Hong Kong, where totalizer betting is an official, legal form of betting.