Tote betting has gained so much popularity recently, and people want to know more about this type of betting. Before we go further, let’s discuss what it is. So tote betting is different from regular betting; in this, your stake goes into a pool where all the money people bet on races is combined. The money is paid back after deducting the running costs and other contributions.
What is tote betting?
As discussed, tote betting differs from regular betting as winners are provided with the money after tote deductions. The remainder pool money is divided by the number of winning units to give a dividend to each winner.
If you successfully win a bet, your dividend will be decided based on the percentage of the money in the tote pool that you wagered on your selection. Remember that the lower the percentage of money in the pool is at stake on winning, the greater the share of each winning unit.
However, if you bet with a bookmaker, you will be paid according to the odds you struck your bet, and if no price is taken, the starting price (SP) of your winning selection is returned to you. Read More Here About Tips for Winning In Online Sports Betting.
Why is tote betting better than fixed-odds betting?
There are mainly two reasons why tote betting is better than fixed-odds betting.
The Tote dividend is bigger than the starting price for less popular selections
As you know, the tote dividends for each selection reflect the amount of money at stake in the pool. If less commonly selected bets win, then the runners are paid a better dividend on the tote than the starting price with conventional bookmakers.
If you want to win big by going against the crowd, then tote betting is your place. It allows you to back your instinct.
Tote Guarantee ensures that your dividend will never be less than the starting price (SP)
The Tote Guarantee is to ensure that your tote win bet will be on the higher side than the starting price. It means you will get a high return if you win the tote bet.
Your dividend on tote win bets can be better than the starting price, but these can be worse, and that is where the Tote Guarantee proves helpful as it ensures the dividend can’t be worse than the starting price.
The two reasons indicate that tote betting is best to back your instinct and bet against the sodds. You can choose a bookmaker for online totebetting in Australia or your country. However, it is good to take the help of betting tips to ensure you end up on the winning side. There are companies that offer betting tips to help bettors to win big. They charge you money for betting tips but make your job easier.
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