What is Totalizator Betting? Totalizator Betting Explained.

Last Updated on October 24, 2023

Totalizator Betting, often shortened to Tote or Pari-mutuel betting, is a form of wagering where all bets of a particular type (e.g., win bets, place bets, etc.) are placed together in a pool. After the house-take or commission is deducted, the payout odds are not fixed but are determined by the total amount of money bet on each selection. The final payoff is not determined until the betting pool closes, and this differs from fixed-odds betting where the payout odds are set at the time the bet is placed.


How are the odds calculated in Totalizator Betting?

In Tote betting, the odds are not determined in advance. Instead, they are calculated by dividing the total stake by the number of bets for a particular selection, minus the house-take or commission. Therefore, the final odds can fluctuate based on how much is wagered on each selection up until the pool closes.

What’s the difference between Totalizator and fixed-odds betting?

In fixed-odds betting, the odds are set by the bookmaker at the time the bet is placed. The payout is determined by multiplying the stake by these odds. In Totalizator Betting, the payout is determined by the total amount bet in the pool and how many people have bet on the winning selection.

Why do people choose Totalizator Betting over fixed-odds betting?

Some punters prefer Totalizator Betting because the payouts can sometimes be significantly higher than fixed-odds betting, especially if a less-favored selection wins. Additionally, with Tote betting, everyone is on a level playing field since the odds are determined by the collective betting activity.

Are there different types of Totalizator Bets?

Yes, there are various types of Tote bets. Some common ones include Win (betting on a selection to come first), Place (betting on a selection to finish in one of the top positions, often top 2 or 3), and Exotic bets like Quinella, Trifecta, and First Four where punters predict the first two, three, or four finishers in exact order.

How is the house-take or commission determined in Totalizator Betting?

The house-take or commission is set by the organization running the Tote, usually a racetrack or governing body. This commission covers their operational costs and profit margins. The exact percentage can vary but is typically in the range of 15-25%. The remainder of the pool is then distributed among the winning bettors.

Author of This Article:

Rahul Bhatia

Rahul Bhatia

Rahul Bhatia

Rahul Bhatia

Ready to Turn Your Crypto into Winnings?

As a Polygon Casino, we offer an array of casino games, all operating with a robust, cryptographically secure pseudo-random number generation algorithm. Our system is tamper-proof and ensures an absolute level playing field for all players. This technology employs a combination of a client-selected seed and our server seed, making it impossible for either party to manipulate the game’s outcome.

Share with your Friends Now!

Note: At Fortunekingz.com, we're constantly striving to bring you the most accurate, engaging, and transparent content possible. In our commitment to this goal, we use a blend of innovative AI technologies and the skilled touch of our human writers. The AI assists in in-depth research and information accuracy, while our dedicated writing team refines the content to ensure it’s engaging, coherent, and user-friendly. This synergy ensures that what you read is both cutting-edge and crafted with a human touch. We believe in the power of technology but also understand the irreplaceable value of human intuition and creativity.

Related Articles