What is a Tote Placepot and how does it work?
The Tote Placepot is one of the most popular pool bets. It is run through the Totes pool betting system. Most of online sportsbooks take bets and pass the stake on to the pool.
The Tote Placepot works like a normal betting account. You choose whether to place one or more selections in each race. The more lines you place, the higher the stake you earn.
The Tote Placepot works by calculating the number of lines in your Placentepots.
The minimum stake per line is 10p and the minimum total stake is £1. A minimum of 10 lines is needed if you want to play with 10 p lines.
Tote Placepot places are available at all feature meetings in Britain. Place rules are the same as a regular single each-way or place bet.
The Tote Placepot prize pool is divided into 73% for the winners and 27% each for losers. The fewer favourites that reach a place, the more the dividend will pay.
How much you have won depends on how much money you staked per line and how many of your lines were successful. The number of winning lines you've got is calculated by multiplying the amount of successful lines in each leg together.
A Tote Placepot is a betting machine that pays £1,000 to a £1000 stake. If you have four winning 20p lines, you win 80p.
The Tote Placepot pays £350 to a £1 stake. If you have two winning £2 lines, you win £700.
Some punters try just one straight line bet and others try multiple bets. On the first day of the 2019 Cheltenham Festival, one punter played one £2 line and managed to pick four winners and two runners-up in the the opening six races. The winning dividend paid a whopping £91,283.10 to a £1 stake.
Keeping the number of lines per race and the total stake to a reasonable amount is important for Tote Placepot players. Picking just one horse in a race (or ‘leg’ in Plcepots terminology) allows you to keep your total lines down and potentially utilise an extra selection in more competitive legs.
The fewer favourites that place, the higher the Placepot dividend for those who succeed in selecting one or more winning lines. Vulnerable favourites are the most obvious type of race in which to try this strategy.
A Tote Placepot is a race where you need to place a placed horse in all six legs to win your share of the dividend. In races such as the Cheltenham Festival handicaps, strength in numbers is good strategy.
The highest racecard number carries your money. If a Tote Placepot selection is a non-runner, you automatically go on the SP favourite.
