Premier Information: Tote Betting

When placing a bet, many people stick to the “conventional” high street bookmakers and I often get asked about The Tote and how it differs to betting with the likes of Ladbrokes.

If you are not aware of how the The Tote works this article will give you an outline of it.

Since it was established in 1928 by the Government the Tote has grown in stature and with Betfred having bought the company in 2011 it will continue to blossom as an alternative for punters having a bet.

The Tote works on a pool basis, with every bet that is staked on a specific contest going into the pool. After the race has finished the money will be shared out to all those holding a winning ticket. A percentage is taken by the Tote and this has always been pumped back into horse racing.

Since its inception the Tote have continued to concoct new bets to attract custom and it has enhanced their reputation as one of the most diverse betting establishments in racing.

There are a number of unique Tote bets on offer for punters which can sometimes reap huge rewards for a very miniscule stake.

For example, heating engineer Steve Whiteley staked only £2 on the Tote Jackpot and having correctly selected all six winners won over £1million at Exeter racecourse in 2011.

So, it is unsurprising that punters get involved with betting on the Tote when there's a possibility they can win a life-changing sum money for such a small investment.

Even though the Tote Placepot is an easier bet to get right, at the major meetings when there are a lot of runners the return can also be very high. At meetings like the Cheltenham Festival or Royal Ascot, the races have ultra-competitive fields running in them with some races having over 20 runners.

So, usually the betting is wide open and many of the runners can finish in a place, even if they are huge odds and this will usually mean the win fund will enhance considerably as the big priced runners are placed.

Channel Four racing has been a Saturday afternoon tradition for years and they have teamed up with the Tote to offer the Scoop 6. A bet that can continually rollover until it's won has attracted a lot of interest from the punters as they look to pick the winner of six selected live races.

Like the jackpot the prize fund can creep up into the millions and for only a £2 stake can be life-changing money for punters who can pick all six winners.

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