Tote pool is a form of betting in which all stakes are pooled together, and the winnings are distributed
What Is Tote Pool Betting?
Tote pool, or pari-mutuel betting, is a betting format that consolidates all stakes on a specific event into a common pool and distributes winnings based on the total amount of money wagered on the winning outcome. The term “tote” is derived from the Totalisator, a system that computes and distributes the pool among the winning players.
When you place a bet on a tote pool betting site, your stake is added to the pool, and your potential payout is calculated based on the size of the pool and the number of winning tickets. This means that the odds can change until the event starts, depending on how much money is placed on each possible outcome.
Tote pool betting is available at specialist tote betting sites, as well as through several online bookmakers. On these sites players can choose from various betting options, including win, place, and each-way bets, as well as special promotions and bonuses for both new and existing customers.
Pros & Cons of Tote Pool
Tote pool offers a lottery style form of betting with potentially high payouts, but it comes with uncertainty and other disadvantages.
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