The hypothetical card above has a mix of races typical of a weekend meeting during the Flat season. The punter could, of course, have two in each race but that would mean they had two horses in races where there is a strong favourite who, even if not fancied to win, might well get placed, whilst they will appear exposed in both Leg 5 18 runners and Leg 6 a 7 runner handicap where one of the selections has to finish in the first 2. When assessing this card, the punter needs first of all to make a decision about Leg 1.
The favourite is odds-on and only needs to finish in the first 3 to keep the bet alive. One side of the equation is even if the favourite disappoints, will it disappoint to such an extent that it will be outside of the first 3? The next race to consider is Leg 3 , a stakes race in which there is also a strong favourite. Here, the punter has to take the wider factors into consideration; it is fair to assume that the favourite is best on form, but will the variables play to their strengths?
In particular the way the race is likely to be run? If the horse is a front-runner who can do the hard work itself against rivals who are happy to sit in behind then it would be a reasonable proposition, but alarm bells should be ringing if it is a horse who needs holding up and the pace could be fair at best, especially if the track is a tight one where his rider will only have limited time to make a challenge. It goes in as a second banker, which at least keeps our total number of lines low and is therefore essential given we now have two hot market leaders in the permutation.
Leg 2 is a handicap with 8 runners, but with 3 places available the chances of finding one in the frame are reasonable, so limiting to just 2 horses here makes sense. Likewise, though Leg 4 is a decent Group race, we know form in such races is usually pretty reliable and two runners for our placepot can again be justified. The race we want extra cover in is Leg 5 ; the big handicap.
Fortunately, 18 runners means there are 4 places to play for, but with a field of that size variables such as draw, pace and of course luck-in-running could all play their part. By adding a third horse the punter gives himself an extra chance, whilst a fourth more would offer even more comfort in such a tricky event.
Sure, there are only 7 runners, but they all have a chance and the nature of the race is that any of them could show considerable improvement. As the second smallest field on the card, you might think this could be a race to bank in, but instead three horses would spread the risk, even though there are only two places to be had. As can be seen in the table in the Permutations section, the Exacta allows you to combine more than two horses in a permutation, but this comes at a cost of ever-increasing lines for each horse added to the mix.
The favourite Horse A has shown by far the best overall form and is odds-on having run three times and been placed on each occasion. For the Placepot it is a banker, but what about the Exacta? So if you want to bank on it to finish first, you need to either be very selective about which of the fancied horses you select for second or choose no more than a handful of outsiders to finish second.
Therefore, if you fancy the favourite to win and another to be clear second, then the most sensible bet is a straight exacta of A-B. You can, of course, add an alternative or two to be second A-B , A-C , A-D but after that you are risking your costs exceeding returns if the most likely thing happens and the favourite simply beats the second favourite.
The potential payout grows of course if horses B, C and D are all outsiders and in those circumstances more lines can be justified. So what if you fancy Horse A to get pipped? The better option is to bet the favourite horse A to finish second to one of the trio you fancy horses B, D and D. Given the market leader is an odds-on shot, a large proportion of the Exacta pool is likely to be taken up by bets with him in the first position, so by finishing second you can be assured of a higher dividend whilst reducing your cost to just three bets B-A , C-A , D-A.
Race 6 of our hypothetical racecard is a red-hot nursery. Combining all 5 in a combination exacta would be 20 bets, and that means you need those at bigger prices to be the first two to have much hope of a decent profit. A better option is to play the three horses you really fancy A, B and C to win in both first and second positions with the other two D and E in second place only;.
This reduces your total units down to 12 lines. It might not seem like a lot, but it means you can almost double your stake. You could be even more strict; knocking out one of the two in second spot only would reduce your bets down to 9 lines, whilst moving one of your win fancies to second only would result in 8 lines.
Doing both reduces the perm down to 6. The fourth race on our card is a Group race. These are always interesting races as, aside from wide open events such as the classics and other genuine blue ribands, the field can often be reduced in size down to just a small number of runners thanks to factors such as pacemakers and horses with no viable alternative. Imagine you can thin this race down to just three or four runners. There is one other runner at a big price who, with conditions in their favour, could sneak into the frame but it is stretching the imagination to see it beating more than one of its rivals with better form.
Globally, bets such as the Trifecta are popular with punters so that should mean that the pool itself is of a decent size, even if potential combinations are limited. This is the most simple way, and the one that will generally see you return more on your initial stake. For this bet to you win, you pick three horses to come first, second and third in that order. If you they do, you win a share of the money in the Tote Trifecta pool. A combination trifecta is the bet for you in this case.
With this bet you will include the six possible order permutations with your selections finishing in the first three. You need to remember that by placing a Tote Trifecta of this kind, you are essentially having multiple bets, so your line stake will be multiplied by the number of permutations you are backing. Select as many horses as you like to make up your bet. Once again, because you are multiplying your potential winning lines, you are also multiplying your stake.
For example, choosing four horses in your Combination Trifecta would mean your bet would include 24 bets. We've reduced the minimum stake for the Trifecta to just 1p per line with a total minimum stake of 50p. This means those big combinations are more affordable than ever. Then a "Banker" style Trifecta may be the bet for you.
With this type of Trifecta bet, you lock in the horse to finish first, but cover the permutations of any other number of horses to finish second by selecting "Any Order" for the other two horses. In effect this type of bet sits somewhere in between both the risk stakes, and bet costs, of a Straight Trifecta and Combination Trifecta.
The repercussions of a non-runner in a Tote Trifecta bet that you have placed depends on the number of horses you have included. If you have multiple lines and combinations in your bet, only those lines involving that horse would be voided, and your stake returned, the remaining bets will stand. Want to know more? Checkout our 'Cookies Policy' page.
Tips Features Guides Calendar. New to Tote? Survivor Guide. All you need to know about Tote's newest Saturday bet. Placepot Guide.
|Bet on oscars 2019||Sign up using our simple one-page form and you'll be able to access free video form, tips and exclusive content straight away. Most importantly, if you like the app, please rate tote exacta betting costs and leave a review on iTunes. Combining all 5 in a combination exacta would be 20 bets, and that means you need those at bigger prices to be the first two to have much hope of a decent profit. Your guide to Virtual Sports at Tote. Each quinella combination is listed with the lower-numbered horse first, but they can finish in either order. Click on a bet-type at the bottom and you will see the calculated probabilities and dividends for each outcome. Even an overlay is not a guarantee of profitable betting in the long run.|
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|Online betting on ipl matches 2021 nfl||This is a tote exacta betting costs where you forecast the first 2 in a race - in the correct order. It's rare for a race card to progress without a couple of non-runners so a gambler will be affected by these rules from time to time. The deductions are quite high,but console yourself that all profits are ploughed back into the racing industry - the Tote is a non proft making organization. The tote operator takes a percentage of this, called the takeout percentagewhich is their revenue. Virtual Sports Guide.|
|Inter vs sassuolo betting expert predictions||This tends to be similar to normal bookmaker odds, and tracks the market in a similar way, but at any given time soccer betting odds analysis be better or worse than a bookmaker's quoted odds. South Africa. The Tote Jackpot is a bet where you have to pick the first 6 winners at a meeting nominated by The Tote. All non runners are subsitituted with the favourite for that race. If you have multiple lines and combinations in your bet, only those lines involving that horse would be voided, and your stake returned, the remaining bets will stand.|
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|College football bowl betting lines vegas||However, there is not a set in stone way for a punter to calculate the place odds as there is with an each-way bet, bitcoins png format the tote exacta betting costs place only odds offered by bookmakers can vary quite a bit, both bigger and smaller, from the place odds you would receive if betting each-way. The probability of a quinella combination occurring is the same as the sum of probabilities of the two matched exacta combinations. The SP for horse races is the average price offered by bookmakers when the race starts, as inspected by employees of the Jockey Club. You can do 1 bet of 2 selections,or combinations. A place bet is made on a single runner and it pays out when the runner comes either first, second, or third.|
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|Item verification csgo betting||The hypothetical card above has a mix of races comerford cakes bettingadvice of a weekend meeting during the Flat season. Or, you can always find me on Twitter: DCWoods. The probability that runners aband c will place in that order is the probability that a wins, times the probability that b wins and a is scratched, times the probability that c wins and both a and b are scratched. A good way to use TrackMate for place betting is simply as a filter to eliminate some bad bets negative overlay that you might otherwise have made. Trifecta Guide.|
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Latest News Totepool - Trifecta can now be played in all races of 3 or more runners. You can do a straight Trifecta or a combination. Calculate by multiplying each group of 3 by 6. This is a forecast bet when there are 6 or more runners that pays whenever you have any 2 horses placed in first 3 places.
Punters get paid for. You can do 1 bet of 2 selections,or combinations. This is a bet where you predict horses that are placed in the first 6 races at any UK race meeting - it does not matter wether they win or not they just need to be placed. When attempting the Placepot you will only get paid if,in every race,your horse is placed under these terms For this bet and other Jackpot bets,non runners are treated differently.
All non runners are subsitituted with the favourite for that race. If there are joint favourites your selection is the favourite with the lowest race card number. For example if you do 2 selections in each race then it is 64 bets that is 2 x 2 x 2 x 2 x 2 x 2. You can do as many as you want for each race,and just multiply out the number of bets. When landing this Tote bet just again multiply out your placed horses.
This is exactly the same as the Placepot,but is on the third,fourth,fifth and sixth races - a bit of a consolation bet if you get knocked out of Placepot in first two races. Again you can do one straight line or a perm,and non runners are substituted with the favourite. See Placepot above for place terms which are the same. This is a daily bet on the first 6 races of selected race meeting - they all must win.
Jackpots in 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. Again non runners are substituted with the favourite. The Scoop 6 is a saturday only bet,based on the main races shown on television by Channel 4. The schedule varies every week,and the races involved are usually declared friday lunchtime for the following days Scoop 6.
This bet pays you the Scoop 6 dividend often with a carry over amount for all 6 winners. If you win the Scoop 6 you are invited back the following week to try to predict the winner of the bonus race - a separate bonus that you also win if finding that big race winner. There is consolation dividend if all your horses are placed in the Scoop 6 races - see Tote Place rules above which apply to all tote bets.
Non runners are substituted with the favourite. A word of caution when betting on Tote Markets. Many punters would be very surprised at how little money is bet into the Tote on certain bets and certain race meetings. Many meetings are very poorly supported these days particularly the All Weather meetings due the sheer number of race meetings in the UK racing schedule. Most of these extra race meetings introduced over the last few years are not in response to racegoers demands.
They are purely for the bookmakers - race fodder to keep the wheel spinning and confuse the punter and at the same time dilute the risks for the layers. Remember this is pool betting - your own bets lessen the payout. Many single,exactas,swinger and tricasts have a pool of just a couple of hundred pounds at low grade meetings.
Use your inititative,and if you are betting on the Tote at say,Royal Ascot,or a big saturday meeting the stakes you can make on the Tote without critically reducing your own payout are much higher. The Tote comes into its own on jackpot bets and placepots where the revenues are very high and your own bets will not influence these payouts to any large degree. This article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.
End of article. Gambling is fun and a great hobby,but sometimes it can get out of hand - if you need help please contact begambleaware now. Disclaimer Page Contact us. When betting with the Tote you are in effect placing all the stakes into one pot - pool betting - and the winnings are then shared out between those who predicted the correct result. Combination examples 3 selections - 6 bets. Punters get paid for first and second first and third second and third.
Combination examples 2 selections - 1 bet 3 selections - 3 bets 4 selections - 6 bets. You can do 1 straight line or combinations. A word of caution when betting on Tote Markets Many punters would be very surprised at how little money is bet into the Tote on certain bets and certain race meetings.
Bets and Betting Explanations. Decimal Betting Explained. Bear in mind that tote prices can change as betting continues, and especially in the last few minutes before the race starts. The probabilities are most accurate with the final post-time prices. It is a good idea to do a final check of the win prices and the prices of any exotic combinations as late as possible before placing bets.
When the bet-pool is small, odds are likely to be unstable. This is a brief introduction to the theory of racetrack betting markets, as it relates to the functions of this app. The way totalisator tote betting markets work is that there are a number of bet pools that are completely separate, one for each bet type: win , place , exacta , quinella , trifecta , and some others. As an example, consider the win market.
All the bets that people make on a winner go into a pool of money. The tote operator takes a percentage of this, called the takeout percentage , which is their revenue. The remainder is called the win pool. Note that tote operators get their share regardless of how well individual bettors perform - this is in contrast to regular bookies who set the odds themselves and if a particular bettor does well they lose. The win prices are then calculated by dividing the win pool by the total amount bet on that horse, so the win pool is divided up among the people who bet correctly, in the proportion of how much they wagered.
However, this is not the price that is advertised or paid to bettors. There is another concept, called breakage , whereby prices are reduced down to the nearest multiple of 10c. This is similar to rounding, except that the price always goes down, and the tote operator keeps the difference. This means that their actual takeout for any given race will be more than the published rate, and will vary. The same procedure happens with other bet-types.
Each outcome has people betting on it, and the outcome that ends up winning divides the total bet pool among the winners. The relative amounts bet on each runner to win represent an estimate of the probability of that runner winning. Research has shown that there are some small biases that skew the probabilities, but that on the whole, they are quite accurate. These allow an estimate of the probabilities, with a margin of error due to breakage.
We can think of this as the raw probability. To estimate the actual probability p x , we divide by the total raw probability:. To calculate all the other bet types we calculate the probability of every permutation of runners coming first, second, and third. The other bet probabilities are then found by adding these permutation probabilities up in various ways. The probability that runners a , b , and c will place in that order is the probability that a wins, times the probability that b wins and a is scratched, times the probability that c wins and both a and b are scratched.
If we let X be the set of scratched runners, then:. The assumption here is that the finishing order is set, and that runners would perform the same if the runners before them were eliminated. This assumption is clearly not always true, but as an approximation it is useful. Given the permutation probabilities defined above, we can calculate the probability of each outcome for the other bet types. Place - A place bet is won if the chosen runner comes either first, second or third.
Exacta - An exacta bet is won if the two chosen runners come first and second in the specified order. There will be n - 2 3-runner permutations that satisfy the exacta: the specified runners in first and second place, and all the remaining runners in third. Quinella - A quinella bet is won if the two chosen runners come first and second in either order.
Trifecta - A trifecta bet is won if the three chosen runners come first, second and third, in the specified order. Only one of the 3-runner permutations satisfies the trifecta. This approach should give more accurate probabilities than those from the associated tote prices, and overlays can be identified.
However, this method is only an approximation, and there are several limitations that should be considered:. The probabilities estimated will be most accurate when based on the final prices. However, these can change rapidly in the last few minutes, so may not be the same as those on which betting decisions are made. To mitigate this, the app should be used as close to the race start as possible.
Prices can be unstable when betting volumes are low, so prices can change rapidly. This can also be an opportunity to identify overlays. However, in low betting volumes any bet you place can affect the odds, so this needs to be considered. An overlay is not a guarantee, or even likelihood, of winning. Even an overlay is not a guarantee of profitable betting in the long run. In order to have a profitable betting strategy, the overlay should be more than the track takeout.
Simplexify Thoughts on operations research, the internet, and other random stuff. Posts RSS. Academic publishing 2. TrackMate An iPhone app for calculating racetrack betting odds What is this app for? This page reproduces the help topics within the app, and may answer any questions you have. Most importantly, if you like the app, please rate it and leave a review on iTunes.
Screenshots Bet types TrackMate currently calculates odds for the following bet types. Place A place bet is made on a single runner and it pays out when the runner comes either first, second, or third. Exacta An exacta bet involves picking two runners, one to come first and one to come second.