Three reasons why Tote Betting is a rort against the average Bettor

Three reasons why Tote Betting is a rort against the average Bettor

What Is Tote Betting?

Tote betting involves the bettor (or ‘punter’ as we like to term it) wagering with gambling bodies that operate parimutuel betting systems: in Australia, this consists of punting with any of the three TABs (Totalisator Agency Boards).

Australian TABs Tote organisations differ between states but these are the three major Australian totes: – TAB (VIC) – NSWTAB (NSW) – UBET (QLD, SA, TAS & NT)

How the works

pricing

The pricing in Totes is purely based on the “weight of money” and bettors typically don’t actually know the price they get until once the race is completed. In the lead up to races starting, the Totes provide an “indicative Tote price” but this is often far from the final Tote price.

Read More Here About reasons why Tote Betting is a rort against the averag e Bettor

The end result to the average bettor 1

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The inability to pick-off mispriced runners.

Lower priced winners whenever those horses got a good start.

Higher margin since the syndicates know how to optimise their positions.

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