A quick definition of a tote bet.
Pari-mutuel, better known as tote betting, as we now know, is where bets are pooled.
Your money comes from a divided pot (minus some money for the bookies’ staff and the hard working people putting the race on). Then the rest if dished out to the winning ticket holders.
What is Tote Quadpot betting
A Quadpot works on the basis of one race during every UK meeting and is usually somewhere between the third and last race of the race meeting. Your goal is to choose a horse that places in each of the races (3 through 6). Typically here the minimum stake is 10p. T
he profit at the end is revealed once the final race has completed and so the pool can be divvied up amongst the stakes that are leftover. Here, it’s smart to bet on the favourite rather than cornering yourself into selecting one specific horse.
Basically, quadpot is the shorter of the placepot races. Called quad because, hopefully obviously, only the final four races are of interest.
OK, tell me more about this…
A quadpot is kind of like a lifeline for a placepot better who has been knocked out of their totepool already by race 1 or 2. It’s there offering a second chance.
This kind of bet is much simpler to get yourself a win from in comparison to the big brother tote placepot, but the profit you could potentially walk away with is a much smaller (still a prize, though).
That’s not to say all the prizes are tiny. Winnings can be significant if a horse pulls a blinding performance and no one saw it coming. This can made a quadpot quite the thrilling ride.
The rules in this kind of bet are precisely the same as you see in a placepot. Picking the winning horse is not the sole objective and you don’t get any kind of special pat on the back if your chosen steed does come first. All that is required of your horse is simply to place, it doesn’t matter where.
Sounds simple enough. Where’s the catch?
We’re talking about gambling so of course there are some requirements to meet.
- If less than 4 runners take place, your horse does actually have to win
- Between 5 and 7, your steed has to place in the top two
- 8 or more and you need a top three place
- 16 or more with handicap are a different beast because they’re big when it comes to horse racing. So if you come in fourth in these kinds, you’ll only get a pay out on a handicap in a 4th position
Any other rules to be aware of?
Of course! When it comes to non-runners, like in a placepot your bet will be swapped for the favourite. Although remember that you won’t see any returns if you choose a NR in a quadpot because in this kind of bet you’re either a winner or you’re not.
If it’s a tie between two favs then you get stuck with the one who has the lower racecard number.
If the favourite already appears on your selection list then you get a double up on that particular choice. If it places then congratulations, you have two winners in that particular leg of your line.
Is there a difference between a fixed and tote bet?
As you know, a tote bet is a divided pool of cash at the end of 4 or 6 races.
Fixed price bets give you a price and you accept it (or not). That fixed price is dependent on some takings in the event post-bet-acceptance scratchings.
How about Perm Betting?
You’re able to take a straight line at the quadpot for anything you like, say two quid or a fiver but the more fruitful option is a perm. You can get a perm for less than a quid, say 20p, but you’re not restricted by this because the winnings lines will be multiplied up. So the difference here is that you can get your hands on a huge pay out for a fraction of the cost in terms of your wager.
If you’re thinking about including some outsiders then only four quadpot races and perms will work out as fruitful for you, and it’s better if the favourite is no longer in the running.
Huh? Show me some examples
- Let’s say you take 2 per race, totalling 16 bets (2 by 2 by 2 by 2 by 2)
- Let’s assume the day is a big one and there are many many runnings so you want 3 per race now, that’s 81 bets (same logic, x3).
- Let’s say the inclusion of bankers is allowed because a race looks simple. Here, you might want 2 per race with 1 banker and that gives you only 8 bets (1 x 2 x 2…)
- Let’s say 3 and a banker, now you have 27 bets ( 1 x 3 x 3…_)
The maths is easy. Multiple the amount of selections per race. You’re in control of how many you pick to ensure a winning race per leg. Keep in mind though that the simpler the race the less selections you have on offer and vice versa the harder the race.
If you like a flutter at the horse racing and this hasn’t completely blown your mind and you want to maximise the fun as well as the profits, then pool betting at a race meeting is for you.
You can place the quadpot bets whilst you’re there or online on various betting sites.