Best Online Betting Totes Australia
For many Australians, online betting has become the easiest and quickest way to place any sports bet. In addition, online Aussie betting sites offering incredible free betting. This is especially true when it comes to tote betting and horse race betting. If you are new to online tote betting, you are in luck. In the notes below, we are going to explain how tote betting works and how it differs from fixed odds betting. We will also show you the best way to place a tote bet and where the best online totes in Australia.
In Australia, tote betting, is a type of horse betting also known as pool betting or pari-mutuel betting. It is a betting system in which all bets of a particular type are placed together in a pool. The house-take is removed, and the payoff odds are calculated by sharing the pool amongst all winning bets. It differs from fixed odds betting in that the odds on your bet are not known until the event has closed for betting, usually when the event starts. In Australia tote betting is usually associated with track racing and is easily understood when thought of as pool betting. Finding the best online totes can be tricky but if you follow the advice below, you will not go wrong.
For Australian sport fans, Tote betting can be fun and rewarding. Online betting sites offer a wide variety of pool or tote bets that a punter can choose from. The best online totes can be found in horse racing and greyhound racing where the following tote bets can be placed.
- Win bet – This is a basic and popular tote bet for beginners. This is a simple bet on which horse will win in a given race.
- Placing bet – This is where a punter makes a wager on one horse placing either first, second or third. The odds in place betting are generally shorter than those in win betting.
- Each Way Bet – This is a combination of a win bet and a place bet, and is effectively two bets. If your chosen horse wins the race, you collect winnings from both the win and place dividend. If the horse merely places, you collect winnings from just the place bet.
- Quinella Bet – A quinella is a tote bet where you select two horses that will finish in first and second position in a race, in any order. A ‘box quinella’ is also an option, where more than two horses can be selected in a race, as long as two of them finish in the top two positions.
- Exacta Bet – Exacts works in the same way as the quinella, except the punter must correctly pick the first and second winners in exact order.
- Trifecta Bet – A trifecta is one of the best online totes, and possibly the most difficult. This is where the punter selects three horses to finish in the top three positions, in the correct order.
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Tote Betting Promotions Online
Online horse betting can be extremely profitable and fun for any sports punter. But before placing any significant bet, it is advisable to research the horse, the trainers and the coaches and to gather as much information as possible. If you are keen to get started and are looking for the best online totes in Australia, you are in luck. For your convenience we have created a list of Australia’s top online sports betting sites. And that’s not all; each site featured here, offers unbeatable sign-up bonuses, free bets and ongoing promotions.