Betting on horse races is known as a form of high-risk, high-reward type of gambling.
The odds of winning are lower than on other sports, but the potential payouts are also greater.
Tote jackpot is the ultimate reflection of UK horse racing betting for bold punters.
In this guide, we review this popular type of betting and discuss the Tote jackpot returns, while also analyzing the risks.
You’ll find out if the Tote jackpot payout offers the dividend that would justify the risks and the best horse racing sites.
- 1Everything you must know about the Tote Jackpot
- 2Tote jackpot meaning explained
- 3How to pick horses for a Tote Jackpot?
- 4Place a Tote Jackpot bet online – Step by Step
- 5How expensive is a Tote Jackpot bet?
- 6What happens if a horse is a non-runner?
- 7How are Tote jackpot prizes calculated and paid?
- 8The best Tote Jackpot strategies
- 9Pros and cons of Tote Jackpot
- 10Frequently Asked Questions about Tote Jackpot:
Best Bookmaker for Pool Betting in 01 November 2023 – Updated List
Tote Betting on William Hill➤ William Hill is an agent for the Tote and accepts bets at Tote odds on horse racing in Great Britain and selected pools in the Republic of Ireland and other countries where their acceptance is advertised.
➤ The bets accepted at horse race meetings in Great Britain are the Scoop 6, Jackpot, Placepot, Quadpot, Trifecta, Exacta, Swinger, win, place and any other new bet introduced by the UK Tote.
➤ Where the UK Tote offers a pool facility for horse race meetings taking place outside Great Britain and the Republic of Ireland bets will be accepted.
Everything you must know about the Tote Jackpot
Tote jackpot meaning explained
In order to properly understand what is a Tote jackpot bet, we need to look at its key characteristics. Punters are tasked with correctly indicating all the winners of the first six races of daily competition.
All these events take place on the same day, so you normally know in a few hours if the Tote jackpot dividends will be paid. With a minimum stake of £1 or currency equivalent, it can generate huge winnings for those who make the right prediction.
To have the Tote jackpot explained properly, we also need to highlight the fact that if nobody picks a winner, the Tote jackpot pool is rolled over. This means that the money isn’t claimed by the bookmaker, but instead, it is added to the next Tote jackpot event.
How to pick horses for a Tote Jackpot?
Place a Tote Jackpot bet online – Step by Step
As soon as you learn what does Tote jackpot mean you can proceed with placing the first wagers. These are the five steps that you must take to place your first bet on a UK Tote jackpot.
How expensive is a Tote Jackpot bet?
What happens if a horse is a non-runner?
Even the best Tote jackpot strategy can be rendered useless if your chosen horse doesn’t compete. This is the worst-case scenario, as it completely shatters your odds of winning if your selection isn’t even in the books. What happens if your horse is a nonrunner in a jackpot is the obvious question for those who fancy this type of wagering 2023.
The good news is that you don’t automatically lose the bet, but your stake is switched to the SP favorite. This brings us to the next question, namely, what does sp mean in betting? The term stands for starting price, meaning the odds given initially by the bookie to the horses.
How are Tote jackpot prizes calculated and paid?
The best Tote Jackpot strategies
Another way of chasing bigger payouts is to play the Tote trifecta. Just as the name suggests, you must accurately pick the first three horses to finish in the race, in the correct order. By comparison, the Tote swinger only tasks players with indicating two horses that will finish on the podium. The exact order doesn’t matter, so you have significantly better chances to win than with regular Tote Win/Place bets.
If you know what a Tote placepot is, you should consider this type of wager as a safer alternative to classic UK Tote jackpot bets. All you need to do is to select placed horses in the first six races, rather than indicating the winner. The Quadpot on the other hand should be considered by natural risk-takers. The bet wins if the chosen horses finish first and second, so there odds of winning are stacked against the profits. In any case, a smart strategy is to place placepot and quadpod bets late, to factor in any non-runners.
Pros and cons of Tote Jackpot
- Offers the potential of big winnings
- Available at major bookmakers
- UK free bets offered on Tote jackpot wagers
- Low stakes and overall tiny costs
- Small chances of winning
Frequently Asked Questions about Tote Jackpot:
Because of its popularity, you can find this type of wager at most UK bookmakers. You can even take advantage of free horse racing bets no deposit bonuses that can be used on this wager.
Not only British bookmakers, but also international operators can feature this type of wager. The former have the perk of awarding reload offers UK punters can take advantage when betting on a Tote Jackpot.
The maximum amounts are determined by the bookmaker based on its appetite for risk. They are also influenced by the stakes, so the higher the sum wagered, the greater the maximum potential winnings.
Put your lucky to the test with Tote Jackpot betting
Tote Jackpot is not only one of the most popular horse betting terms, but also one of the best-paying ones. You need to be really lucky to successfully make six correct predictions on distinct races. This is not the kind of wager for the fainthearted or risk-averse punters.
If you fancy the idea of winning a large sum with a small investment, the UK Tote jackpot should be considered. The odds of winning are remote but if you strike it lucky, the amount you play will make your effort worthwhile.