The size of your dividend is decided by the percentage of the Tote pool’s money wagered on your selection. Winners get a larger part of the pool if they have a lower percentage of the pool staked on them.
With a bookmaker, you get paid out based on the odds at which you placed your wager, rather than the SP return of your winning selection, which is the case if no price was taken when you placed your wager.
As with the modern-day betting exchange, Tote punters are effectively wagering against one another, which is comparable to the way the Tote works.
Two reasons Tote betting can be better than fixed-odds betting
Below, we’ll go over a variety of Tote betting options that include Placepots, Jackpots, Scoop 6, as well as the most classic racing bets, the win single and place-only bets.
On the Totewin, Toteplace and other Tote bets on the outcome of a single race, backing a horse on the Tote vs traditional bookmakers is occasionally a superior option. Here’s why:
The Tote dividend is often bigger than the SP for less popular selections
A lesser-known horse can often pay a higher dividend on the Tote than its starting price with a conventional bookmaker, as each selection’s anticipated Tote dividends (the equivalent of the odds) reflect the amount of money in the pool staked on the horse
Bet on the Tote instead if you’re willing to go against the grain and take on a fan favorite.
The Tote Guarantee means your dividend will never be worse than the SP
In all UK meetings, the Tote Guarantee ensures that your Tote win bet will be settled at the higher of the Tote dividend or the starting price – meaning you will always get the high return. Tote Guaranteed.
Totewin dividends can be higher than the SP, but the Tote Guarantee ensures that they will never be lower than the SP.
What does no 3rd dividend mean?
Third dividend payments are not possible if there are not enough starters in a race. More than 8 starters in a race will result in a 3rd-place payout. There will be no third dividend if there are between 5 and 7 runners following final scratchings.
What does +10 mean in bets?
-10 indicates that a team is a ten-point favorite to win that game. Your bet will lose if the Dallas Cowboys lose by fewer than 10 points when they face the Washington Redskins.
What does a +7 spread mean?
Is there any significance to the term “plus-seven spread”? A seven-point spread indicates that the underdog will receive seven points, which are denoted on the odds as +7. The favorite is a team with a point spread of -7, which means that seven points are being bet on them.
What does minus 200 mean in betting?
You need to wager $200 to win $100 on a sports bet. This is known as the negative money line in sports betting (written as -200, -300, etc.).
Here are some negative money line examples:
- There are currently no wins for the New England Patriots against the Buffalo Bills. For $100, you’d need to stake $500 on the Patriots if your bet is correct and they win the game.
- Yankees are -200 favorites to beat Mets. There is a 200 to 100 return on a Yankees bet if your prediction is correct and the Yankees prevail.
- The Detroit Red Wings are -400 favorites over the Tampa Bay Lightning. It costs $400 to win $100 if you bet on the Lightning, thus if your bet is accurate, you will need to wager $400.
In this case, decimal odds of 1.5 and fractional odds of 1/2 are likewise equivalent.
What does 500 mean in betting?
In other words, if the Golden State Warriors are ranked as a –500 favorite to win the NBA title, a $500 gamble that wins would only return $100. Plus-minus juice might also inspire gamblers to place a bet on a longshot. An NBA championship wager of $100 would return $500 if the Los Angeles Lakers are at +500 odds.
What does +450 mean in gambling?
In other words, if the number is -450, you’d have to wager $450 to gain $100 back in profit. To put it another way, if the odds include a “plus” before them, the team or individual is seen as a favorite.
Do I win if my horse came 3rd?
Each-way bets in horse racing are subject to a set of restrictions that bookmakers must adhere to. Depending on the number of horses in the race, they are calculated
Both the ‘Win’ and ‘Place’ portions of your wager will be paid out if your horse finishes first. Your bet will forfeit the ‘Win’ portion if your horse only finishes second or third.
Second, third, fourth, and fifth or sixth* place results on your horse’s ‘Place’ wager will still result in a payout.
If there are more than 16 competitors in a handicapped race, the bookmaker must pay out 1/4 of the odds.
But if they extend that to fifth or sixth place, the payoff is cut to one fifth of the odds indicated.
How many horses make a race for 4 places?
Each-way wagers might sometimes be difficult to understand. There’s also the fact that the number of horses in a race has an impact.
An each-way bet is a distinct wager in which you bet on a specific horse to finish in the top three positions. The bookmaker’s willingness to pay out for a place is directly proportional to the size of the field. As a general rule, handicap races with more than 15 runners pay out on four places, horses with 5-7 runners pay two places, and less than five runners is win only. In addition to it, bookmakers typically pay out on three other places. For longer races, bookmakers may sometimes pay a premium to secure a position.
When the bookmakers pay out on more places than usual, there’s a way to profit from these races. This can be accomplished in a variety of ways, but in general, you’ll need to support each runner with a number of bookmakers who pay out each way for five places while laying each runner with a bookmaker like Betfair who pays out on four runners. It’s possible to make some money from this discrepancy, but it’s a pain to figure out on your own.
Lucky for you, OddsMonkey is here to help you out with your wagering needs. Using the Extra Place Matcher, we’ve made the process a lot easier. The rest of our horse racing resources are well worth exploring as well.
What are the types of bet?
There are a number of different types of sports bets, and this section will provide you a high-level overview of the most common ones. We’ve also provided a link to a more in-depth page for each sort of bet, which contains much more information. If you’re interested in a certain topic, you can use these pages to delve deeper into it.
If you’re looking for information on a certain type of betting, you can use the links below to get there. If, on the other hand, your goal is to become well-versed in all types of sports wagers, be sure to read through the parts listed below in order to take in as much information as possible.
Win Bets and Moneyline Bets
Win and moneyline wagers can be placed on the same event. As stated in different ways, the two words convey the same meaning. Some places name it one thing and others call it another, depending on where you live. Moneyline wagers are commonly referred to in the United States. The identical wager is known as a win bet in other countries.
In any case, this is the simplest bet of all. Choosing the winner of the game or competition you’re betting on is all there is to it with this form of wager.
If you’re betting on an NBA game between the Chicago Bulls and the Miami Heat, you’ll need to figure out which team you think will win. This is a sample for you. With Miami winning, you’ll lay a wager on the team to win. You’ll win your wager if Miami wins the game! That’s all there is to it!
A link to our website dedicated to moneyline and win bets has been added below if you’d like further information. If you’re interested in learning more about this wager kind, you can do so by following the link provided below.
