Tote odds are the set of odds offered by the Tote, which is a totalisator betting system in the United Kingdom and Ireland. Tote bets involve pooling money from multiple bettors into a single pool and then distributing the winnings according to the odds. The Tote’s odds are based on the amount of money bet on each selection, so the odds can change over time as more bets are placed. In this article, we will look at how Tote odds change and what factors affect them.
What are Tote Odds?
Tote odds are the set of odds offered by the Tote for a given race. The odds are calculated by the Tote based on the amount of money bet on each selection. The higher the amount of money bet on a selection, the higher the odds that selection will receive. The odds can also be affected by other factors, such as the number of runners in a race and the form of the runners.
How Do Tote Odds Change?
Tote odds can change over time as more bets are placed. As more money is bet on a particular selection, the odds for that selection will increase. Conversely, as less money is bet on a selection, the odds will decrease. This means that the odds can vary significantly between different selections in a given race.
Factors Affecting Tote Odds
There are a number of factors that can affect the Tote odds for a given race. These include:
- Number of runners: The more runners in a race, the more potential for the odds to change as more bets are placed.
- Form of runners: The form of the runners in a race can also affect the odds. If a runner has been in good form recently, their odds may increase, while a runner in poor form may have their odds decrease.
- Time of day: The time of day can also be a factor. If a race is taking place in the evening, the odds may be higher, due to a higher number of people betting on the race.
- Weather conditions: The weather can also affect the odds. If the weather is poor, the odds may decrease, as people may be less inclined to bet on the race.
- Bookmaker odds: Bookmaker odds can also affect the Tote odds. If the bookmaker odds are different from the Tote odds, the Tote odds may be adjusted accordingly.
Tote Odds vs Bookmaker Odds
The Tote odds and bookmaker odds can often be different. The bookmaker odds are usually more accurate since they are based on more data, while the Tote odds can sometimes be affected by other factors, such as the number of runners in a race.
Benefits of Tote Odds
There are a number of benefits to using the Tote odds. Firstly, the Tote odds can be more attractive than bookmaker odds, as the Tote takes into account the number of runners in a race, which can affect the odds. Additionally, the Tote odds are more stable than bookmaker odds, as they are not affected by external factors such as weather or the form of the runners.
How to Use Tote Odds
When using the Tote odds, it is important to consider the number of runners in a race and the form of the runners. Additionally, it is important to compare the Tote odds with the bookmaker odds, as the bookmaker odds can sometimes be more accurate.
Conclusion
In conclusion, Tote odds can change over time as more bets are placed. The odds can also be affected by a number of factors, such as the number of runners in a race, the form of the runners, the time of day, and the weather conditions. Additionally, the Tote odds can be more attractive than bookmaker odds, and they are more stable. When using the Tote odds, it is important to consider the number of runners in a race and the form of the runners, as well as comparing the Tote odds with the bookmaker odds.