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TOTE JACKPOT BETS EXPLAINED
Tote bets are perhaps the fairest form of gambling there is available to punters.
This is because all stakeS bet by punters are pooled and then shared out amongst the winners.
This is of course after the Tote has deducted their operating expenses,plus a profit margin.
Actually,the deductions are quite high,particularly for popular bets like Tote jackpot,Scoop 6,Super 7,and Placepots - about 27% of pool takings.
Although deductions are much smaller for tote wins,places and forecasts etc.,punters should normally avoid those bets as the pools are tiny at many meetings,and even a modest bet will reduce your own dividends making it an option to avoid when placing bets on horseracing.
The Jackpot,Scoop 6 and Super 7 are well worth betting - but only when the pool has rolled over for a considerable time.
This eliminates that big deduction the Tote make from bets - after all the rollover will more than pay for that if you are lucky enough to win the Jackpot - so wait for the pot to grow and then make your move.
Even popular bets like the Tote Jackpot grind along for days with just a few thousand pounds rollover.
However once it goes a week or so,the pot grows rapidly - everybody else is keeping an eye on the amount available to be won,and the syndicates and punters all pile in at the same time.
The record is about £2.5 million won quite recently,and at the time of writing this article,a rollover of £1.5 million is exciting Tote Jackpot hunters worldwide.
What is the Tote Jackpot,and How do You Bet ?.
Important change to Tote Jackpot (Oct 2015) - due to more and more meetings,resulting in less runners per race the Tote have decided to host the Tote Jackpot over 2 or more meetings not one,and by selecting bigger fields the Jackpot should rollover into bigger jackpots more often - so,you now have to track down the races for the bet every day,and not the Jackpot meeting - a confusing move by the Tote,that will,in my opinion see a further drop in bets turnover and interest.
It is a simple bet that requires punters to select the first 6 winners of the selected Tote Jackpot meeting - the bet operates every racing day in the U.K.
Firstly,they all must win - there are no consolations when doing the Tote Jackpot - you win the lot or you lose !!.
Jackpots for this bet can be huge - they start slowly,but as the Jackpot becomes tempting,the syndicates and other punters pile in to swell the pot quickly.
Declared to a £1 unit but you can do perms for lesser stakes.
The Tote always select the most difficult meeting of the day,so you may want to perm your bets to give you a better chance.
Remember,you don't have to pay £1 per line - this would make perms very costly - you can make the units much smaller,and of course you get a percentage of the declared unit for smaller winning lines.
Maybe you want 2 selections in each race - this is 64 bets - 2 x 2 x 2 x 2 x 2 x 2 = 64
Perhaps you want one banker then it is 32 bets - 1 x 2 x 2 x 2 x 2 x 2 = 32
Difficult Handicap Race and you need 3 selections ? - 96 bets 2 x 3 x 2 x 2 x 2 x 2 = 96
Maybe 2 bankers and 2 in the rest - 16 bets 1 x 1 x 2 x 2 x 2 x 2 = 16
Just multiply out your bets,decide your stake unit,and make your bet.
IMPORTANT - Non runners are substituted with the favourite - if there are 2 joint favourites you are on the favourite with the highest race card number.
Tote Jackpot Top Ten Dividends
Exeter (8th March 2011) £1,445,671.20
Aintree (4th April 2008) £510,955.60
Newmarket (3rd October 2003) £494,880.00
Pontefract (9th June 2008) £442,863.41
Kempton (2nd September 2006) £380,240.50
Newbury (21st Jun 2011) £362,765.00
Doncaster (24th October 1998) £362,203.80
Nottingham (23rd June 1997) £357,519.10
Uttoxeter (18th March 1995) £347,415.50
Ascot (21st June 1997) £335,618.20
By Pendil atSAFE BOOKMAKERS SITES İThis article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.End of article.
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