Totes Betting Guide for Australian Punters
Australia has an outstanding history of horseracing, and the country offers a calendar chock-a-block full of racing events. With the 3 major Thoroughbred horseracing events, the Caulfield Cup, The Cox Plate and the Melbourne Cup, taking place on an annual basis, there are plenty of exciting opportunities for horserace betting, as well as hundreds of smaller races. Placing wagers on horseracing is incredibly popular amongst punters in Australia, and totes betting is just one of the many ways to enhance the thrill of watching horseraces.
If you’re keen on getting started with totes betting, you’ve come to right place as bettingsportsaus.com takes pride in recommending only the best in the business to punters in Australia.
What is Tote Betting?
Totes betting differs from fixed odds betting as punters will not know the odds of the wager placed until the betting market has closed, just before the race is about to start. This may sound counter-intuitive, as many punters use odds to establish the likelihood of an event taking place, but totes betting differs from fixed odds betting in more ways than one. Punters will only know the odds of the wager once the market has closed, and no more tote bets are accepted.
This form of wagering is also known as pool betting or pari-mutuel betting, and once the market has closed, all the stakes will be totalled, and after a percentage is removed for the house, the remaining amount is divided between those who have correctly predicted the outcome of the proposed wager.
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Wide Range of Tote Bets
The best sports betting sites will have a wide range of tote bets available to choose from, and by using only sites we recommend you can rest assured knowing you’re using only the best in the business. Not only will win bets be on offer, but also a wide range of wagers as set out below.
Place: predict which horse will come in 1st, 2nd or 3rd place.
Exacta: select 2 horses to come in 1st and 2nd place in an exact order.
Quinella: select 2 horses to come in 1st and 2nd place in any order.
Trifecta: select 3 horses to come in 1st, 2nd and 3rd place in the exact order.
Superfecta: select 4 horses to come in 1st, 2nd, 3rd and 4th place in the exact order.
Doubles: select 1 or more horses to win 2 consecutive races.
Other totes betting types that may be offered at top-ranked online sportsbooks are box bets, trebles, quadrellas and sweeps.
Top Betting Sites for Totes Betting
If you’re keen on getting started with totes betting for horseracing, you will first have to find an online sportsbook and create an account. However, punters in Australia should keep in mind that not all online sportsbooks are worth your time and money. By using a comparison site such as bettingsportsaus.com not only will have you find the best advice on real money sports betting, but you will also be offered the best online sportsbooks ranked accordingly.
We have done all the hard work for you, and by using only the sites we recommend, you can enjoy totes betting with peace of mind knowing your information is secure and you will be offered a fantastic variety of tote bets.