You may have heard of Tote betting and wondered what on earth it is. Well, you’re not the only one. Plenty of horse racing fans go their whole lives ignoring the Tote — but it’s a great thing to get involved in.
The concept of the Tote is pretty straightforward. Basically it collects all the money bet on a single event, so in this case one horse race. The money is pooled and then split between those who backed the eventual winner.
It’s usually a great way of boosting your profits if there is a clear favourite in a race with very slim odds, for chances are the Tote may pay out better. However, if it’s the favourite then more people may have backed it and therefore your share of the spoils is smaller.
Remember, the Tote can also pay out less than your normal odds would have, so keep that in mind when betting.
Bet on the Tote with StanJames
To bet on the StanJames Tote simply click on the icon and select a meeting and race time. There’s a drop-down menu so you can choose which type of bet you want — let’s go for a straight win here.
You’ll see the existing odds on a horse and the potential pay-out should that horse win. Simply name your stake in the box below and place that bet.
Just like all horse racing betting it’s worth considering the form of the horse before making that selection. Check out the going, the jockey and the distance to make sure the horse reflects the odds given to it!