Tote Betting ~ A Quick Guide
Visitors to any UK race course will be familiar with the name Tote. The Tote have been offering betting services on courses since 1929. Original set up by an act of parliament to offer legitimate and protected betting to race goers.
The Tote is still owned by the Government, you should however rest assured that Gordan Brown (AKA the Fat Controller) will not be pocketing your losing bets. The profits generated from Tote betting are re-invested into keeping horse racing alive in the UK. Did you know 87 UK race courses have closed in the last 100 years!
You might be wondering what's different about the Tote and any other bookmaker? Well, the Tote isn't technically a bookmaker, in many ways it operates more like a bingo game! When you place a bet with the Tote your money is put in a big giant pot with other peoples money who have bet on the same race. Those who picked the winning horse are paid out from this pot, the amount you win largely depends on size of this pot.
The payout's of Tote can vary, sometimes you can get a much bigger payout from the Tote than you would a normal bookmaker. Occasionally the payout's can be much worse! Most people bet with the Tote because as it's much less scary going to the Tote window with their friendly staff than rocking up to the grumpy on course bookmakers. The Tote have continued this easy going user friendly approach with their online site ToteSport.com, it's a great site and the easiest way to bet online ~ plus you get a free £25 bet!
