What is Tote betting?
Pari-mutuel betting (also called ‘pool betting or ‘Tote betting’) refers to bet types in which all money staked is placed into a pool. The return on winning bets (‘dividend’) is calculated from the total amount wagered in the pool and the total number of winning tickets after the official race result is known. Dividends are declared after Deductions have been made from the pool.
Tote betting differs from fixed odds betting in that the odds on your bet are not known until the event has closed for betting, usually when the event starts.
The dividends stated in Tote betting are indicative and not the official dividends paid out by the Tote. The official dividends are contained in the racing results page.