What is Tote Betting : Betting Guide 2023

What is Tote Betting?

Tote is an online betting site that offers users a unique betting method. Tote betting works in a similar way to buying a lottery ticket. Punters on a given betting site will pick their chosen winner and wager their money into a cumulative pool. This means that everyone who bet on the winner will receive a share of the pot – the fewer people in the pot, the greater the winnings. This makes tote betting extremely popular as your initial bet can be relatively low, but you are still eligible for major rewards. Your winnings depend on the size and percentage of your original stake. It is most commonly associated with horse racing betting. Furthermore, Tote betting has grown and has become available on many betting sites accessible to Irish punters!

Where Does Tote Betting Come From?

Since the 1900’s horse racing has become increasingly popular, with huge traditional races such as Glorious Goodwood and the Epsom Derby attracting thousands upon thousands of fans. This means that betting on the races has also rapidly grown in popularity. The Tote was set up in 1928 when people were turning to unlicensed bookmakers, meaning that the money could not be regulated. The Tote was put in place to ensure that the money was put directly back into industry, pioneered, and heavily supported by Winston Churchill. Today, the Tote has evolved to be a betting option offered by many betting sites.

The Tote Betting Site:

Tote is a massively popular betting site that offers its users an innovative, unique way of betting. It generates more excitement surrounding major events, particularly horse racing, as well as a great betting opportunity. It is available to punters in the UK and Republic of Ireland, offering a great welcome bonus to new users and great betting odds. Its influence has spread to other betting sites, with platforms such as Bet35 beginning to offer betting options similar to tote betting.

The Benefits of the Tote:

• Tote offers an amazing promotion for new users. When you sign up to their betting site and place your first qualifying bet of at least €10, you will receive €30 in the form of free bets. This provides a great kick start to your betting experience! This is also redeemable against any racing event.
• Tote offers a price guarantee, meaning that if your bet is successful, you will receive the highest rewards. They also round up to the nearest penny if your stake is over two decimal places. Tote will always pay out at least the starting price, if the Tote dividend is greater, winners will receive that price on their profits.
• They donate five per cent of their betting revenue to charity!
• Tote also offers a loyalty programme (Tote Plus) to all users of their betting site. This offers loyal customers up to a ten per cent greater pay out on any successful bets placed on any sports event.
• There are great live streaming options within their site, offering users the chance to watch their bets play out in real time and support their chosen horses. This further fuels the excitement and adrenaline surrounding horse races.

In conclusion, the Tote is a great betting site that offers excellent promotions and a fun, unique way of betting to punters in the Republic of Ireland and the UK.

How to Bet on the Tote:

Tote betting can take two forms; it can be incredibly simple or much more complex. This means that there are options for every skill level, making tote betting an extremely accessible option for new punters to win huge rewards.

Simpler Betting Options:

To win	You are simply choosing the horse that you predict will win the race.
To place	This is where you bet on a horse to place in the top three at the end of the race. You must also guess the correct position that they will place in.
Each way betting	This combines both betting options. You can bet on a horse to either win or place in the race.

More Complex Betting Options:

Betting an exacta	This type of bet is typically a much higher paying bet if you are successful. This is where you bet on the first and second place horses in their exact order. Obviously, this type of bet requires a much deeper knowledge of the races and the horses involved, but for punters who regularly stay informed with horse racing, this could be a great choice.
Placepot betting	For this bet, you must wager on six horses to place in the top three of the first six races held at a particular event. This is a popular option for major events such as the races at Royal Ascot.
Jackpot betting	This betting option is available for major horse racing events. You are betting on six winners from several ‘Jackpot’ races.
Quadpot betting	For this bet, you must choose four horses to place third, fourth, fifth, and sixth in a given race. This is especially common in major horse racing events.
Trifecta betting	This bet type is similar to place betting. You are wagering on three horses to place in the top three at the end of the race. You must guess the correct order of these horses’ positionings.
Swinger betting	This is similar to place betting. You must wager on three horses to place in the top three. For this bet, you do not have to predict the correct order, just the correct horses.
The Scoop6	This bet type is where you pick six winners of the race from race meetings held on Fridays or Saturdays.