Tote Ireland Limited is a wholly owned subsidiary of Horse Racing Ireland, with responsibility for the operation of a Totalisator on the 25 racecourses in the Republic of Ireland. Tote Ireland is at the heart of Irish Horseracing, providing a wide variety of betting options for all race goers. All profits made by Tote Ireland are used for the improvement of Irish Horseracing. 'Tote' is short for Totalisator and Tote Betting is similar to the Irish lottery. It works like this: all the stakes on a race are pooled; a deduction is made to cover costs and our contribution to racing. The remainder of the pool is divided by the number of winning units to give a dividend, which is inclusive of a 1 stake.
In other words, Tote customers bet into a common pool, betting against one another, whereas in bookmaking, they bet against the bookmaker. Tote odds may fluctuate according to the pattern of betting and the amount of money staked on each horse. Betting ceases at the "off" of each race.
Other articles related to "tote ireland, ireland":
... Tote Ireland operates the following pools Win Runner must finish first Place Runner must finish within the first two places (in a 5–7 runner race), three places (8–15 runners and non-handicaps with 16 ... From 23 April 2000 to 23 May 2010, Tote Ireland operated 4-place betting on all races with 16 or more runners.) Each-way Charged and settled as one bet to win ... apply at the two recognised racecourses in Northern Ireland ...
Famous quotes containing the words ireland and/or tote:
“It is often said that in Ireland there is an excess of genius unsustained by talent; but there is talent in the tongues.”
—V.S. (Victor Sawdon)
“The head must bow, and the back will have to bend,
Wherever the darkey may go;
A few more days, and the trouble all will end,
In the field where the sugar-canes grow.
A few more days for to tote the weary load,
No matter, t will never be light;
A few more days till we totter on the road:
Then my old Kentucky home, good-night!”
—Stephen Collins Foster (18261884)