What is tote exacta

Find out these and hundreds more terms in our jargon buster. Not all horse races were created equal. Find out about the different types and classes of racing that happen all year round.

We hope to welcome you back soon. Sign up to our newsletter to get the latest news and events direct to your inbox. What Is A Tote? Understanding The Tote. What is the Tote? The Tote Origins. The Tote Today. How can you bet on the Tote? There are several different bets that can be made see our jargon buster for more details but the most popular bets can be found below: Simple Bets Win - You pick one horse that will win that race.

Each Way - You pick one horse that will either win or place counts as two bets - to win and to place. Place - You pick one horse which will place in that race and the place it will finish at.

More Complex Bets with potentially bigger wins Exacta - You pick two horses that come in the top two in the correct order in one race. This is a straight forward Tote Win, each punter putting their stake against who they think will win.

There are no fixed odds in Tote Betting. Instead, punters put down however much they want on the selection they want. That goes into your pocket. But how do the punters know roughly what they are going to get back? Again there are no fixed odds in pari-mutuel betting. But now that we have the final Tote amount and you are accepting no more bets on the race, you can give them a potential payout.

Once you know the overall Tote value, you then divide by the Total Staked on a horse. That will give you the Payout Dividend for that runner.

So now each punter knows the value of the payout Dividend on each horse. So Seabiscuit would have been 8. Frankel would have been at The Tote really excels for punters when there are races with high interest, such as the Grand National or the Cheltenham Gold Cup because the pots will be a lot higher than usual, increasing the value of the Dividends.

This is the most simple form of Tote Betting. This is just a straight selection on a horse to win a race. For a Tote Win, you have to just select your horse, your stake and then sit back and hope to watch them cross the line first.

If your selection wins the race then you will be paid out at whatever the Dividend on that horse is. This is the same as picking a winning selection with a regular win single bet. When it comes to the Tote it is still focusing on the horse that you expect to win, and hoping the Tote returns well. This is another straightforward bet type, just operating on the Tote system of payouts as opposed to regular betting. The goal of a Tote Place is to select a horse in a race that you think is going to come home in a Place finish 1st, 2nd or 3rd depending on the race.

This is just a selection from a race on a Place finisher from that event. The number of places that are on offer in a race varies depending on what the race is.

Basically, if your selection finishes within the designated Places for that race, you win. You make your Tote stake on Locked Door and he comes home second in a race which has six runners in it. For each unit of stake you played on that selection, it will be multiplied by the Dividend that the bookmaker has calculated at the conclusion of the race.

Note that because it is easier to pick a horse to just finish as opposed to picking it to win outright, the Dividends are going be at less value in Tote Place than in a Tote Win option on the same horse in the same race. This operates just the same as it would as if you were picking out a selection in normal horse racing. In each way Tote offers the best of both worlds in a way, as it combines a Tote Win and a Tote Place into one bet. This is just like backing a horse with a normal each-way option , which offers coverage in case they do fail to land the victory.

So that means if your horse comes home first in the race then you will receive the different Dividends that are offered for the Win and the Place. If your selection only placed then you only receive the Place Dividend, multiplied by your stake. So if Altior had a really bad day at the office and finished outside of the designated places, all stakes are lost. So the slight contingency with an Each Way Option is that it is better suited to backing a horse which is deemed to be a strong contender as opposed to being at the head of the market.

A Tote Exacta can be compared directly to a straight forecast bet. So a straight forecast bet is where you have to correctly predict the 1st and 2nd horse in a race in the exact order.

In the Tote though, the payout is based on a Dividend as opposed to fixed odds. You make two predictions in a Tote Exacta, namely which horse finishes first and which finishes second. There are variations of a Tote Exactas. A Reverse Exacta creates two Exactas, the second a reverse of the first. Therefore, you just need your two selected horses to both make the top two.

A variation of the Reverse Exacta but you take more than two selections. If only one of the selections come in in the right spot, the bet is still lost. However, they are very difficult to actually win.

A nice feature of a Tote Exacta is adding in a banker. Maybe you had 4 selections which is 12 bets. Now one non runner leaves 3 surviving selections. You know 3 horses is 6 bets,therefore you get 6 bets refunded. Just work out live bets and deduct from original bets and that is the cash you will get refunded by the Tote. By Pendil at. End of article. Gambling is fun and a great hobby,but sometimes it can get out of hand - if you need help please contact begambleaware now.

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