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What is Tote and what does it mean by Tote Plus at online horse betting bookmaker?

What is Tote Betting

What is Tote and Tote Plus at horse racing online bookie Australia

Any new bettor has this question in mind as what does it mean by Tote when betting for horse races at online bookmakers like TAB, Sportsbet or Crownbet.

Tote is a name of a bet which was first originated in British bookmaker sites that offers  parimutuel betting on horse racing. Other bookmakers offer a Tote service through syndication, while other bookmakers will accept a Tote bet and pay out on exactly the same terms as the Tote. The pooled bets offered by the Tote are: Win, Place, Exacta, Trifecta, Quadpot, Placepot, Jackpot, Scoop6 and Swinger.

In Australia, Tote consists of punting with any of the three TABs (Totalisator Agency Boards). Tote organisations differ between states but these are the three major Australian totes: TAB (VIC), NSWTAB (NSW)  and UBET (QLD, SA, TAS & NT). These betting organisations can be found on-course, in betting outlets (TABs), selected pubs and gaming venues, as well on the web online where you can bet with your mobile or PC. 

Tote Betting

What is Tote Betting

In this kind of  Parimutuel betting systems, also known as “totalisator systems”, money is pooled together and then wagered on an event, with all dividends being determined by the weight of money bet on each competitor. This means that the competitor that has attracted the most money will return the smallest dividend, while the least supported horse will return the highest dividend.

The price for each competitor will fluctuate in accordance with the money wagered and the final dividends will only be settled once the betting market has closed, which coincides with the commencement of the event. This means the odds on any given runner may vary significantly from the time the bet was placed to the final dividend as declared at the close of betting.

What is Tote betting and Tote Plus

In other terms if a horse is in great demand, the supply of funds to meet the demand (the return) will be significantly reduced; if a horse is unwanted in the market, the supply of funds will be greater and therefore the return much higher.

What is Tote Plus at online bookmaker site for horse betting?

Tote Betting at Sportsbet Australia

As many bookmakers offer tote bets to their punters, the TABs offer tote prices or Fixed Odds across many betting markets, but their margins are nowhere near as competitive as the online bookmakers.

Tote Plus is a tote bet that  enables punters to get the best price available on horse racing. That means you’ll always get the highest return of all three Australian TABs or the starting price on win bets. This bet is available on any Australian horse race.

At any online Aussie friendly bookie  like sportsbet you can  choose the  Tote Plus icon on the racecard beside your horse! Once the Best Price comes in for your selected bet, that’s what you’ll get paid when the result is out.

When betting with this bet type, punters always receive the best of the three tabs whichever dividend is better.

Tote Plus bet at Sportsbet Australia

Tote Plus wagers can be placed on thoroughbred horse racing Win and Each-Way bets online at Melbourne, Sydney, Brisbane, Adelaide and Perth metropolitan meetings.

You’ll always enjoy the best return of all three Totes or the Starting Price with Tote Plus, whichever pays more, on win bets on any Australian horse race. So if you see a horse that looks well over the odds secure the fixed price immediately and  the horse will continue to be backed until it reaches parity with the tote or its real price as per the majority of punters’ expectations. Before you place any bet you should know and understand the market percentage and the racing form to win the bet.

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