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What is Tote and what its Differences from the Bookmaker?
Totalisator in sports betting is quite different from the usual game in the bookmaker office. We’ll figure out what a totalizator is and what its differences are from a bookie.
The concept of “totalisators” is used in betting and on horse races, and on sports. Sports betting is also called tote. These totes differ from each other.
What is totalisator or sports tote?
A totalisator in sports involves betting on an outcome or an exact score in a certain number of matches that the totalizator operator offers. It can be matches from one sport, or from different ones. The win in tote depends not on the coefficient, but on the number of guessed events that have won in the circulation of people and the total amount of their bets.
The prize pool is formed from the participants’ bets. Usually 10% of the pool is taken by the organizer. After all the sporting events have taken place, the tote operator distributes the prize pool among the players who have guessed at least the minimum number of events necessary. The more events the participant guessed, the greater the share of the prize fund he receives. Also in the sports totalisators there is a jackpot for predicted all the events of the circulation.
Within one print run, the tote customer can make more than one bet. Together with the increase in the number of combinations, the amount that the player is at risk increases.
Tote “1X2”
The most popular type of sports betting. To win in tote “1X2”, you must guess the outcome of matches. Usually it is required to predict 15 events, and for winning at least 9 outcomes must converge. There are totes mixed and with one sport.
Tote “Accurate score”
In the totalisators of the “exact score” type, you must anticipate the final score of matches. Predict is offered less events than in the totalisators “1X2”, and the win slip is lower. Usually it is necessary to guess the exact score in at least 2 out of 8 matches of the draw to get the share of the prize.
What is a tote at the races?
Totalisator at a horse race is a betting game based on the mutual betting of participants on the winner or place in the race of horses, and in the role of arbitrator is the organizer. The totalisators players’ bets, forming a common pool. After determining the result of the race, the pool is divided among the winning players in proportion to the amount of their bets. Here the total pool is also less than the total amount of money raised by participants, because the organizer takes a share as a reward.
What does the tote differ from the bookmaker?
Proceeding from the above, we can distinguish several differences of sports betting from the bookmaker:
- absence of coefficients;
- the inability to know the potential winnings in advance: it does not depend on the coefficient or amount of your bets, but on the number of winners and the total pool of money;
- restriction on the type of bet that can be made;
- there is no choice of matches that can be placed. A set of games for circulation is determined in advance by the organizer of tote;
- the presence of a jackpot. This is an additional amount, which is paid with a correct prediction of all events in the totalizator’s circulation.
Sports betting is not popular with players who are eager to make money on bookmakers. This type of sports betting is incompatible with a professional game. All because the calculation of the wagering bet is impossible, because there are no coefficients, and for winning, several outcomes must converge at once. And the amount of payment is difficult to forecast. But this is a great entertainment for amateur players, which gives you the opportunity to win a lot at once, risking small. This tote is similar to express or system. And TOTAL is much easier in terms of holding. The organizer does not calculate the coefficients, does not risk losing money and takes a fixed percentage of the amount of bets.
Conclusions
- Tote in sports betting is a prediction of an outcome or an exact score in a fixed set of matches. The win in tote depends primarily on the number of past outcomes/exact bills and is paid out of the total pool of bets.
- The totalisators at the races are the bets on the winner or the place in the race at the racetrack, the winnings in which are paid out of the pool.
- The totalizator differs from the bookmaker in the absence of coefficients, in indeterminate potential winnings, and in sports tote – with the presence of a jackpot, a fixed set of events and a restriction on the type of bet.
- In sports tote should be played only for entertainment, and tote in racing is also used for professional games.