The Tote screens around the racecourse display odds for the next race, which can change right up until they start. Once you’ve made your selection, choose your stake, place your bet by saying the number of the horse and cross your fingers. Place means to finish in the top three places. The odds for a place bet are shorter than those for a win bet on the same runner, as it is far more likely the runner will finish inside top three than win. Place betting plays an enormous role in betting and is available as a tote betting product and also with online bookmakers. The Tote nominates a meeting every day in which the Jackpot can be bet on and won. The Jackpot is a bet where you have to pick the first six winners at a meeting. The minimum stake for this bet is £1, and usually, the payouts are significant. If the Jackpot is not won, it is rolled over onto the next meeting. What is a Tote Place bet? T he Tote Place bet is one in which you back a single horse to place in a race with a minimum stake of 50p, and your selection must win or place for a return. Tote betting explained. O nce the Tote deductions have been made, the remainder of the pool is divided by the number of winning units (bets) to give a dividend. The dividend is the value of each Tote Place 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).
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