ONCE upon a time, the tote was king. Now in the fixed odds, corporate bookmaker age, The Global Tote is aiming to make tote betting great again!
The newest addition to the Australian wagering landscape, The Global Tote is making rapid inroads by providing a product that works for customers, endorsed by some of Australia’s most respected punters.
Its premise is simple: a tote with lower take outs, higher returns, no limits.
But how does The Global Tote do this, and what do those promises mean for punters?
ABOUT THE GLOBAL TOTE
The Global Tote is a subsidiary company of ASX-listed TopBetta Holdings, which provides a wholesale-only tote on race meetings.
Currently, TopBetta is the only corporate bookmaker to offer The Global Tote odds. It does this via two products: GT Top on thoroughbred racing and GT Mid on greyhound racing.
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WHAT IS A TOTE?
Betting on a tote means all bets placed on the same market go into a single pool. The odds are then calculated according to the percentage of money bet on any one outcome (or in horse racing, any one horse).
However, ‘the house’ also applies a take-out rate the pool. This means a percentage of t...