Tote betting works differently from traditional bookmaker betting. Instead of taking a fixed price when you place your bet, all stakes go into a pool with other punters betting on the same market.
Once the Tote has taken its deduction, the remaining pool is divided among the winning tickets. That means the dividend is not known in advance and depends on how much money has been placed and how many winning bets there are.
This pool-based system can create excellent value, especially in bets where the market underestimates certain outcomes or where there are fewer successful tickets than expected.
The most popular Tote bets include the Placepot, Quadpot, Jackpot and Scoop6, but there are also simpler Tote Win, Place, Exacta and Trifecta bets that many punters overlook.

