



Tote Bets 
explained 



Many countries operate parimutuel
betting operations for their horse racing, harness racing and dog racing. These
are known as the Tote in the UK and USA. Here we describe the Tote bets
available in the United Kingdom although they are common in other
jurisdictions. 

Win Place Swinger
Toteexacta Totetrifecta Totedouble Totetreble Toteplacepot Totejackpot Totequadpot 


Tote Win bet  The simplest
bet of all, the aim is to select the winner of the race. The minimum stake for
this bet is £2. The totewin pool is operated on all races of 2 or more
runners unless otherwise stated. The pool deduction rate is 19.25%.
The
total of the funds invested plus any funds brought forward form the gross pool.
If the gross pool is guaranteed to a particular amount, then this amount forms
the gross pool unless the total of the funds invested plus any funds brought
forward is greater than the guarantee.
The net pool is divided by the
total stakes on the winner of the race to obtain a calculated dividend. The
calculated dividend is then rounded down to the next 10 pence to obtain the
payable dividend declared to a £1 stake. Exceptions;
 (i)  If the dividend is greater than 90p and
less than £1.10, the payable dividend will be £1.10.
 (ii)  If the calculated dividend is 90p or
below, the payable dividend will be £1.02.
 (iii)  Notwithstanding (i) and (ii) above,
in the case of a dead heat for fi rst place if the calculated dividend is 60p
or below, the payable dividend will be 60p.
Holders of
winning tickets are then paid in proportion to their stakes. 

Tote Place bet  The minimum
stake for this bet is £2 and the aim is to select a horse to place in the
race. The toteplace pool is operated on all races of 5 or more runners unless
otherwise stated. The pool deduction rate is 20%.
The finishing
positions which constitute a place in any race, unless otherwise stated, are as
follows: 5  7 runners 1st & 2nd 8  15 runners 1st, 2nd & 3rd
Nonhandicap of 16 or more runners 1st, 2nd & 3rd Handicap of 16 or
more runners 1st, 2nd, 3rd & 4th
The net pool is divided by the
number of places payable on the race as defined above, i.e. 2, 3 or 4, in equal
proportion. The part of the net pool allocated to each place is then divided by
the total stakes on that placed horse to obtain a calculated dividend for each
place. The calculated dividend is rounded down to the next 10 pence to obtain
the payable dividend declared to a £1 stake, with the following
exceptions:
 (i)  If the dividend is greater than 70p and
less than £1.10, the payable dividend will be £1.10.
 (ii)  If the calculated dividend is 70p or
below, the payable dividend will be £1.02.
 (iii)  Notwithstanding (i) and (ii) above,
in the case of a dead heat for fi rst place if the calculated dividend is 50p
or below, the payable dividend will be 50p.
Holders of
winning tickets are then paid in proportion to their stakes. 

Tote
Swinger bet  the aim is to select 2 horses to finish in any of the first 3
places. Minimum bet is £2. The toteswinger pool is operated on all races
of 6 or more declared runners unless otherwise stated. The pool deduction rate
is 30%.
The total of the funds invested plus any funds brought forward
form the gross pool. If the gross pool is guaranteed to a particular amount,
then this amount forms the gross pool unless the total of the funds invested
plus any funds brought forward is greater than the guarantee.
If the
number of actual runners is 6 or more, even in handicaps of 16 or more runners,
there will be 3 winning combinations:
 Combination 1: 1st + 2nd (in either
order)
 Combination 2: 1st + 3rd (in either
order)
 Combination 3: 2nd + 3rd (in either
order)
Onethird of the
net pool will be allocated to each combination. The part of the net pool
allocated to each winning combination is then divided by the total stakes on
that combination to obtain a calculated dividend for each
combination.
If the number of actual runners is reduced to only 4 or 5,
then there is only one winning combination: 1st & 2nd (in either order). In
this case the entire net pool is divided by the total stakes on that
combination to obtain a calculated dividend.
The calculated dividend is
then rounded down to the next 10 pence to obtain the payable dividend declared
to a £1 stake, with the following exceptions:
 (i)  If the dividend is greater than 70p and
less than £1.10, the payable dividend will be £1.10.
 (ii)  If the calculated dividend is 70p or
below, the payable dividend will be £1.02.
 (iii)  Notwithstanding (i) and (ii) above,
if as a result of a deadheat the proportion of the net pool allocated to any
winning combination is reduced from onethird in the case of 6 or more runners,
or reduced from the entire net pool in the case of 4 or 5 runners, the minimum
dividend payable on such a combination will be 50p.
Holders of
winning tickets are then paid in proportion to their stakes. 

Toteexacta Bet to win this bet you need to select the winner
and the second horse in the correct order. This is the tote’s version of
the straight forecast (also known as computer straight forecas or CSF). The
toteexacta pool is operated on all races of 3 or more runners unless otherwise
stated. The pool deduction rate is 25%.
The net pool is divided by the
total stakes on the winning toteexacta combination to obtain a calculated
dividend. The calculated dividend is then rounded down to the next 10 pence to
obtain the payable dividend declared to a £1 stake, with the following
exceptions:
 (i)  If the dividend is less than
£1.10, the payable dividend will be £1.10.
 (ii)  Notwithstanding (i) above, in the case
of a dead heat for either 1st or 2nd if the calculated dividend is 60p or
below, the payable dividend will be 60p.
Holders of
winning tickets are then paid in proportion to their stakes. If the winning
toteexacta combination is not backed, then the entire gross pool will be
carried forward to another race as decided by totepool.
Reverse exactas
(1st and 2nd in either order) and permutations (two from any number of horses
to finish in the first two places) are accepted. 

Totetrifecta Bet to win this bet you need
to select the winner, the second and the third horse in the correct order. It
is tote’s version of the tricast bet. The totetrifecta pool is operated in
all UK races with 3 or more declared runners unless otherwise stated. The pool
deduction rate is 25%.
The net pool is divided by the total stakes on
the winning totetrifecta combination to obtain a calculated dividend. The
calculated dividend is then rounded down to the next 10 pence to obtain the
payable dividend declared to a £1 stake, with the following
exceptions:
 (i)  If the dividend is less than
£1.10, the payable dividend will be £1.10.
 (ii)  Notwithstanding (i) above, in the case
of a dead heat for 1st, 2nd or 3rd if the calculated dividend is 60p or below,
the payable dividend will be 60p.
Holders of
winning tickets are then paid in proportion to their stakes. If the winning
totetrifecta combination is not backed, then the entire gross pool will be
carried forward to another race as decided by totepool.
Allways’
trifectas (1st, 2nd and 3rd in any order) and permutations (three from any
number of horses to finish in the first three places) are accepted. 

Totedouble Bet  to win this bet you need to select the
winning horse in each of 2 specific races at the same meeting as nominated by
totepool. Minimum unit stake = 50p, Minimum total stake = £1. Permutation
bets in units of 50p and £1 are accepted. The pool deduction rate is
20%.
The net pool is divided by the total winning stakes to obtain a
calculated dividend. The calculated dividend is then rounded down to the next
10 pence to obtain the payable dividend declared to a £1 stake. In any
event, the minimum totedouble dividend will be £1.10.
Holders of
winning tickets are then paid in proportion to their stakes. If either leg of
the totedouble is a walkover, or is void, or is abandoned, or there is no
official result declared for any reason, and is not rerun on the same day,
then the pool will be settled on the remaining leg, i.e. every selection in
that leg is deemed to have been successful, provided the other leg of the bet
takes place.
If there are no winning tickets in the pool, then the
entire gross pool will be carried forward to the next totedouble pool, unless
otherwise stated. 

Totetreble Bet  to win this bet you need to select the
winning horse in each of 3 specific races at the same meeting as nominated by
totepool. Minimum unit stake = 50p, Minimum total stake = £1. Permutation
bets in units of 50p and £1 are accepted. The pool deduction rate is
20%.
The net pool is divided by the total winning stakes to obtain a
calculated dividend. The calculated dividend is then rounded down to the next
10 pence to obtain the payable dividend declared to a £1 stake. In any
event, the minimum totetreble dividend will be £1.10.
Holders of
winning tickets are then paid in proportion to their stakes. If there are no
winning tickets in the pool, then the entire gross pool will be carried forward
to the next totetreble pool, unless otherwise stated.
If any leg of the
totetreble is a walkover, or is void, or is abandoned, or there is no official
result declared for any reason, and is not rerun on the same day, then the
pool will be settled on the remaining legs, i.e. every selection in that leg is
deemed to have been successful, provided at least one leg of the bet takes
place. 

Toteplacepot Bet  to win this bet you need to select a horse
to be placed in each of the first six races at a meeting, unless otherwise
stated. The finishing positions which constitute a place in any leg, unless
otherwise stated, are as follows: 2  4 runners 1st 5  7 runners 1st
& 2nd 8  15 runners 1st, 2nd & 3rd Nonhandicap of 16 or more
runners 1st, 2nd & 3rd Handicap of 16 or more runners 1st, 2nd, 3rd
& 4th
The toteplacepot is operated on all British meetings and
selected oversees meetings unless otherwise stated. The pool deduction rate is
27%.
The net pool is divided by the total winning stakes to obtain a
calculated dividend. The calculated dividend is then rounded down to the next
10 pence to obtain the payable dividend declared to a £1 stake. In any
event, the minimum totewin dividend will be £1.10
Holders of
winning tickets are then paid in proportion to their stakes. If any leg of the
toteplacepot is a walkover, or is void, or is abandoned, or there is no
official result declared for any reason, and is not rerun on the same day,
then the pool will be settled on the remaining legs, i.e. every selection in
that leg is deemed to have been successful, provided at least one leg of the
bet takes place. If none of the legs of the toteplacepot take place, the pool
will be declared void and all stakes refunded. 

Totejackpot Bet  to win this bet you need to select the
winning horse in each of six races across one or more meetings as nominated by
totepool. One totejackpot pool will operate each day, unless otherwise
stated.
Permutation bets in units of 50p and £1 are accepted. The
pool deduction rate is 27%.
The net pool is divided by the total winning
stakes to obtain a calculated dividend. The calculated dividend is then rounded
down to the next 10 pence to obtain the payable dividend declared to a £1
stake. In any event, the minimum totewin dividend will be
£1.10.
Holders of winning tickets are then paid in proportion to
their stakes. If there are no winning tickets in the pool, then the entire
gross pool will be carried forward to the next totejackpot
pool.
Nonrunner selections are not void but are replaced by the
starting price favourite. When there are joint or cofavourites, the horse with
the lowest racecard number will be taken. Dead heats for first place count as
equal winners in the totejackpot pool.
If any leg of the totejackpot is
a walkover, or is void, or is abandoned, or there is no official result
declared for any reason, and is not rerun on the same day, then the pool will
be settled on the remaining legs, i.e. every selection in that leg is deemed to
have been successful, provided at least one leg of the bet takes place. If none
of the legs of the totejackpot take place, the pool will be declared void and
all stakes refunded. 

Totequadpot Bet  to win this bet you need to select a horse
to be placed in each of races 3 to 6 at a meeting, unless otherwise stated. The
finishing positions which constitute a place in any leg, unless otherwise
stated, are as follows: 2  4 runners 1st 5  7 runners 1st & 2nd
8  15 runners 1st, 2nd & 3rd Nonhandicap of 16 or more runners
1st, 2nd & 3rd Handicap of 16 or more runners 1st, 2nd, 3rd &
4th
The totequadpot is operated on all British meetings and selected
oversees meetings unless otherwise stated. Minimum unit stake = 10p, Minimum
total stake = £1. The pool deduction rate is 26%.
The net pool is
divided by the total winning stakes to obtain a calculated dividend. The
calculated dividend is then rounded down to the next 10 pence to obtain the
payable dividend declared to a £1 stake. In any event, the minimum
totewin dividend will be £1.10
Holders of winning tickets are then
paid in proportion to their stakes. If there are no winning tickets in the
pool, then the entire gross pool will be carried forward to another totequadpot
as decided by totepool.
Nonrunner selections are not void but are
replaced by the starting price favourite. When there are joint or
cofavourites, the horse with the lowest racecard number will be taken.
If any leg of the totequadpot is a walkover, or is void, or is
abandoned, or there is no official result declared for any reason, and is not
rerun on the same day, then the pool will be settled on the remaining legs,
i.e. every selection in that leg is deemed to have been successful, provided at
least one leg of the bet takes place. If none of the legs of the totequadpot
take place, the pool will be declared void and all stakes refunded. 








