The Best Totes Betting
The Australian sportsbooks featured on this website will help punters find the best online totes betting in the country, guaranteed. Tote betting is also known as either pool betting or pari-mutuel betting, and is different from fixed online betting because the punter does not know the odds on his or her bet until the event has closed, usually as it starts, and it is no longer possible to make any more tote bets for it. All of the stakes are totalled, and, after a percentage has been removed for the house, this amount is what is divided between the individuals holding the winning tickets.
The payment is less on the more popular horses because those with a bigger chance of winning attract more punters, and the total is subsequently divided between more people if the favourite goes on to win. If, however, an outsider takes first place, then the odds, or dividends, paid are larger, since fewer people share the pool of money the winnings deliver.
Pari-mutuel is exactly this, but is the French phrase for the process. All of the tote bets made are pooled, and the winning wagers are paid a division of this money at the end of the horse racing bet .
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The best online totes betting will offer Australian punters a selection of different types of tote bets, not just win bets. There are place bet pools, as well as the exotically termed exacta, quinella, trifecta, superfecta, doubles, box bets, trebles, quadrella and sweeps. While there are small variations from country to country, the basic bet selections are usually very similar.
With a win bet, punters must predict which horse will finish first. In a place bet, the selected horse must finish the race in either the first, second, or third slot. In horse races featuring between five and seven runners an NTD, or no third dividend, stipulates that no money is payable on the third place slot, and if there are fewer than four animals taking part in the race punters will usually only be allowed to place a win bet.
Each way tote bets are also popular, and are a combination of win and place. Should the horse you have selected come first, you will collect money on both the win and place bet, but second place will secure only a payout from the place bet. Choose an exacta bet if you are certain you know which animals will place first and second, and a quinella if you are unsure of the exact order. A trifecta allows punters to predict which animals will take first, second and third place, and, for punters in Queensland and South Australia, you can choose a treble, whereby you select the winner of three nominated races that take place on the same track. The best online totes betting offer bettors a number of ways to win, and increase the excitement of the races as they unfold to reveal which horse places.
Enjoy the Best Online Tote Bets
The best online totes betting offer punters an extra layer of excitement in a sport already very enjoyable to watch, and can pay handsome dividends if selections are made carefully. Choose from Australian sports betting bookies available on this website, and rest assured that you are taking part in the best online totes betting available anywhere in Australia.