In some countries of the world the only types of bets you can place on horse racing or greyhound racing are Pool or Tote bets, and when placing such a bet you will be offered a range of different stakes and also several different types of bets and your stake money is added to the pool of bets placed on the bet you have placed.
As soon as a race is run the number of winning tickets are going to be all counted up, and after deductions such as betting taxes and levies and a commission paid to the organiser of the pool or Tote all winning tickets receive an equal share of the betting pool.
Obviously the more winning bets placed the lower the declared winning dividend per ticket will be, but conversely if not that many people picked the winner of a race for example then the winning dividend will be much higher.
You can place several different type of Pool or Tote bets as they are also known, such as a simple win bet on which you will be trying to pick out the winner of a race, or an Exacta type bet which will see you having to pick out the first and second placed finishers of a race.
You can also choose to place a Trifecta or Place bet, which entails you picking out the first, second and third placed finishers in a race on the former and simply picking a horse or greyhound that finishes in the top places of a race when placing the latter type of bet.
Sports to Place Each-Way Bets On
The types of sporting events that you can place a Tote or Pool bet on are listed below but do always think long and hard as to just which type of Pool or Tote bet you want to place on those sports.
- Horse Races
- Greyhound Races
You can pick out one of several different stakes when placing such a bet, but usually the declared dividends will be to a 1.00 unit stake, so placing a winning bet with lower than a 1.00 stake or higher, will see you receiving a percentage of or a multiple of the dividend declared once the race has been won and the number of winning tickets having been counted up.
Where to Place Each-Way Bets
It will usually only bet at bookies sites and bookies apps which also own and operate land-based betting shops that you will be able to place Tote or Pool bets at, such as those top-rated ones listed below.
BetFred – BetFred did in fact buy out the UK Tote betting company several years ago and as such that is probably one of the very best betting sites at which to place such bets at.
William Hill – If you are a customer of the William Hill betting site or when using their app you are always going to have the option of placing Tote or Pool bets with them.
Ladbrokes – One other very large betting company is of course Ladbrokes, and it goes without saying they will also allow you to place Tote and Pool bets with them.