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On the Jackpot, you must find the winner of all six races. The Quadpot operates like the Placepot, but from the third to sixth leg inclusive. It mostly attracts those who have gone out of the Placepot in an early leg. How many legs you are placing is simple to calculate: just multiply the number of selections you have in each leg. The most lucrative tote bet is the Scoop6, which runs on Saturdays and other big days when there is horse racing on terrestrial television. It works like the Jackpot, but applies mostly to the races on ITV.
The Scoop6 is such a difficult bet to get up that it has been known to roll over for several weeks. It is at this point that the potential winnings tend to run into seven figures. Placepot dividends can generally be found in the horse racing results page of most horse racing sites, including the Racing Post. Tote bets are otherwise called pool bets and that gives a better idea of how they operate.
Everyone bets into a pool, the operator takes their cut and the rest of the pool is dished out to the winners. A tote place bet, which is almost always determined by traditional place terms, is a place-only bet most bookmakers offer only each-way betting, compelling a win element to the bet that pays out on all horses who make the places.
All betting odds are determined by the amount of money taken on all the runners. With bookmakers, this is implied and bookies change their odds reactively and according to their instincts, but on the tote the link with volume of money placed is explicit.
Therefore, as a general rule traditional fixed odds and tote dividends are roughly equivalent on favourites and shorter-priced runners. If anything, bookies will be slightly better as they tend to compete with one another to take the money on the popular favourites.
On outsiders, the tote will often provide the better dividends as bookmakers generally take their margins from bigger-priced runners. At one designated meeting every day, the tote will offer a pool on the first six winners at that meeting. The pool is treated like any other and it is just like a Placepot, but you are always looking for the winner.
You can then enter your selections. It is similar to a Placepot, in that it requires finding a horse or horses to place in each leg. The difference is that it runs from the third to sixth race on a card, inclusive. It is therefore a four-leg bet, hence the name. It is typically used by those who want another try having gone out of the Placepot in an early leg. Fixed odds betting offers punters the flexibility of taking a price, or the starting price.
Below is a brief explanation of some popular Tote bets to help you make an informed choice on your next racing bet. Looking for bookmaker offers and free bets? View the latest Cheltenham betting offers and free bets. Underage gambling is an offence. Please gamble responsibly and only bet what you can afford. For gambling addiction help and support, please contact the National Gambling Helpline on or via the NetLine. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.
Visit our adblocking instructions page. My details. My newsletters. Upgrade to Premium. Home News Sport Business. Betting Sports guides. Telegraph Betting Sports guides. Tote betting differs from regular betting as your stake goes into a pool where all money bet on a race or meeting is combined and paid back out, minus deductions for running costs and a contribution to UK racing.