Hi wot dos "the tote" mean in horse racing teams you see it on sky racing?

Question

thanks roy fron wakefield

Answer 1

The tote is the device that tracks the money wagered on a race and calculates the odds in parimutuel racing.  Here's a link to how it works from wikipedia:

http://en.wikipedia.org/wiki/Parimutuel_...

Answer 2

The other answers are correct.

Tote is short for 'totalisator' (US spelling totalizator). It was the machine originally used to calculate the betting dividends and the 'tote board' displayed them.

Answer 3

The Tote is the Government owned bookmaker, which operates "pool betting". This works just like the National Lottery - when the operator takes a commission from the pool of betting money and splits the balance between the number of winners.

These winnings are declared as dividends which include a £1 stake - so if you had a £2 winning tote bet and the divi was £4.60, you would collect £9.20.