A Tote bet is a horse racing betting system where gamblers wager in a pool, and later the pool prize is distributed among winners. However, you should know that there are different types of Tote bets. Regardless of the type, you need to be armed with Tote betting tips to make the appropriate bets. Moreover, you need to punt only on the best betting site to benefit more from your Tote bets. Throughout this read, you will find all the information you want regarding Tote bets, as well as the pros and cons of Tote bets.
Contents
TOP Bookmakers for Tote Horse Racing Bets
Horse Racing
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100%New customers only. This offer is valid for 7 days from your new account being registered. Min Deposit: £10. Free Bet awarded: £10. 1 x £10 must be wagered at odds of 1.75+ to unlock Free Bet. Debit Card deposits only (exclusions apply). Free bet will expire 7 days after the 1st deposit. 18+. BeGambleAware.org. Bet The Responsible Way. Full Terms apply | gamstop.co.uk
William Hill
William Hill is a UK bookmaker with access to nearly every international horse racing meeting. The website guarantees the best horse racing markets for Tote bets. Furthermore, William Hill provides great coverage of the events and even has features that make Tote betting interesting.
- Pros:
- Has the best international markets for Tote betting.
- Offers ACCA insurance on some Tote bets.
- Provides Tote bettors with valuable horse racing statistics.
- Allows live streaming of events.
- Cons:
- Has a few domestic horse racing markets.
Ladbrokes
Ladbrokes is one of the best Entain-owned bookies that is known for offering impressive Tote betting services. The platform has a unique Tote bet function with a long list of suitable horse racing events. So far, Ladbrokes covers markets from competitions such as Kentucky Derby, Melbourne Cup, and even The Grand National event. You are thus covered when it comes to top horse racing markets.
- Pros:
- Pros
- Offers the best horse racing statistics.
- Has a bet builder to ease Tote betting.
- Provides punters with substantial odds.
- Has fantastic race coverage.
- Cons
- Rarely offers ACCA insurance on Tote bets.
Bet365
Bet365 is one of the most impressive and versatile bookmakers that you can depend on when placing horse racing tote bets. The bookie comes with a unique design that makes Tote betting effortless. Furthermore, Bet365 has a perfect coverage of both domestic and international horse racing meetings.
- Pros:
- Has a bet builder.
- Allows cash-out on some Tote bets.
- Provides Tote bettors with timely race results.
- Refreshes its markets daily.
- Cons
- Does not offer the best Tote bonuses.
Tote
If you understand Tote betting better, you know Tote bet is the pioneer of the Tote betting system. As a result, you should expect the best Tote betting features. Furthermore, Tote bookmaker is popular for offering the best horse racing events from meetings such as Dubai World Cup and the prestigious Qipco Champion Stakes. Remember that the entire horse racing section of the Tote is refreshed by the minute, which means you will always have access to new events as soon as the meetings are confirmed.
- Pros:
- Has the best international meetings coverage.
- Provides gamblers with stunning odds levels.
- Has a bet builder feature for Tote bettors.
- Provides punters with the ACCA bet insurance option.
- Cons
- Only good for international horse racing meetings.
Betway
Betway is an established and reputable Tote betting bookie designed to offer the best horse racing experience to anyone who understands what a Tote bet is. The bookmaker covers all the Irish and UK meetings and provides Tote bettors with exciting horse racing coverage. To make the site even more accommodating, Betway offers different Tote betting options and provide gamblers with tips on how to place a Tote bet.
- Pros:
- Pros
- Offers amazing international racecards.
- Provides Tote bettors with race results.
- Has Bet builder function.
- Allows cash-out on some Tote events.
- Cons
- Does not guarantee Tote insurance promotions to bettors.
How to choose where to place a Tote Horse Racing Bet?
Choosing the best Tote betting site is not a challenge, especially if you have the following guidelines.
- Race Coverage
Always pick a bookmaker with the best race coverage. The best bookmaker for Tote horse racing bets should offer gamblers meetings statistics, race results, and betting tips which they can use to place likely bets. - Markets
Make sure the bookmaker you choose has a wide range of markets. That is the only way you will punt on Sheema Classic and The Grand National events stress-free. To view the available markets, you must visit the horse racing section. - Odds
The best betting site for Tote bets on horse racings must have compelling odds on different options. With substantial odds sizes, you are guaranteed significant earnings in case your Tote bets pen out. - Live Streaming
Live streaming is a vital feature offered by the best bookmaker for Tote horse racing bets. You can watch meetings live and keep up with the races on your Tote bet with such a feature. You can also get a closer view of the runners in action and make informed decisions. - Useful features
Useful features entail options like bet builder and cash-out. With these options, you can quickly make Tote bets and take charge of your bet slip. That is why they never miss the best betting site for Tote bets on horse racing. - Bonuses
Every horse racing bookie wants to remain competitive. That is why to retain the title of the Best bookmaker for Tote horse racing bets; they offer Tote bettors bonuses. But then, don’t fall for any bonus or promotion except the best. - Mobile usability
It is crucial for a Tote bet horse racing site to be mobile compatible. After all, such an element is the only way to gamble on the move. Furthermore, make sure the bookie’s mobile website has the best features to make Tote betting exciting.
What is a Tote bet & How to place it?
A Tote bet is a betting system that allows you to stake in a pool. You need to go through the markets provided and punt on a horse to either win or place.
Tote Bet Explained
When placing Tote bets, you need to go through the suitable Tote list and decide which horses you wish to place. After that, enter the stakes and wait for the horse results. Immediately the race concludes, gamblers with the winning ticket share the pool prize. Remember, there are different types of a Tote bet, for instance, a Quadpot and a Jackpot.
How do the Tote Bet’s Odds work?
Tote odds are unique and determined by the amount of wager placed on the runner. Hence, a runner who attracts multiple significant wagers compared to the other horses has the largest odds. Thus, if you place the runner correctly, you are likely to end up with significant earnings.
Tote vs Fixed Betting
Despite the apparent difference between Tote betting and Fixed betting, some gamblers are still confused between the two. In Tote betting, a punter’s stake is placed in a pool, which means the odds fluctuate depending on the size of the pool prize. On the other hand, the odds don’t change in fixed betting once the bet is placed. Hence, in case you win, your earnings become your stake multiplied by the odds.
Horse Racing Tote Bets Bonuses
If you choose the best betting site for Tote bets on horse racings, you are bound to enjoy some of the best Tote bets bonuses. The most common bonus is ACCA insurance, which implies that you don’t lose your entire stake in case of a loss.
Tote Betting Strategies
To place likely Tote bets, you need the best Tote betting strategies, some of which are listed below.
- Always consider outsider bets.
- Place multiple lines, especially if the meeting is competitive.
- Make sure you do your research keenly.
- Avoid placing bets on the favourite.
- Take advantage of the horse racing statistics provided by the operator.
TOP Events for Horse Racing Tote Bets
Some of the best events with markets suitable for horse racing Tote bets include the following.
Cheltenham
Cheltenham is the second largest horse racing event in the UK that takes place annually. The event is usually packed with the UK and Irish runners, not to mention a magnitude of spectators. Note that its prize is also significant, which makes it a lucrative event.
Grand National
Grand National is a renowned UK horse racing festival where the best jockeys and runners compete for the biggest prize. The handicap steeplechase takes place at the Aintree Racecourse in England and attracts thousands of horse racing enthusiasts. Each horse must jump 30 fences while racing for a distance of 4 miles and two and a half furlongs.
Epsom Derby
Epsom Derby is yet another top-ranking horse racing event where horses race for 2420 meters. Unlike other horse races, the meeting is only for three-year-old colts and is sponsored by Cazoo. Note that the Derby is competitive and also prestigious.
Royal Ascot
Royal Ascot stands out as one of the most admired meetings attended by the elites, including Her Majesty the Queen. The renowned event is only designed for top class runners, trainers, and jockeys. It lasts for five days with the winner walking away with a significant prize.
Pros & Cons of Tote Bets
Here is a list of advantages and disadvantages of Tote bets that will help you understand whether the betting system is worth considering.
- Advantages
- The betting system usually guarantees amazing earnings.
- Suitable for bettors who want to follow the entire meeting.
- Comes in different versions to suit different Tote bettors.
- Tote bets require a small investment.
- Bets can be protected by ACCA insurance.
- Disadvantages
- The risk is usually high.
- In some Tote bets, the earnings might be less than the stake.
FAQ
What does Tote mean in betting?
Tote means pool betting.
How does a Tote bet work?
Tote bet entails wagering in a pool and sharing the prize among the winners.
Is Tote or fixed better?
Tote bet is much better since the dividends may turn out to be amazing.
How are Tote bets calculated?
Totes are calculated depending on the amount of money wagered on each runner.
Which is the best bookie for Tote horse racing bets?
The best Bookie for Tote horse racing bet is bet365. That is because Bet365 offers bet builder, cash-out option, and compelling horse racing markets.
Final Thoughts
Tote Bets is one of the most placed horse racing bets among expert horse racing gamblers. The betting system allows punters to wager on a pool. That increases the earnings of each gambler depending on the amount wagered on a runner. However, for the best outcome, you need to apply the Tote betting tips provided in this piece.
Javia Alex is an expert-level Copywriter/Editor with a wealth of experience in the iGaming scene. A self-described player advocate, Javia’s player-first mindset, “tell it like it is”, has earned her an oft-cited voice across gambling circles. She frequently works late nights and long hours, fact-checking reviews and pages for accuracy.