TOPBETTA will offer a Global Tote product to its customers for the first time this Thursday at the Warrnambool Cup meeting.
Learn more about how you can bet with The Global Tote below!
ABOUT THE GLOBAL TOTE
The Global Tote is the world’s first wholesale-only tote and will provide greater returns to punters with no limits on those who win.
Currently, tote markets in Australia take out 17%-25% from the pool before paying out winnings to those lucky punters who find the winner.
Such high percentages have rendered tote betting somewhat uncompetitive in the modern wagering landscape, which is dominated by online-based corporate bookmakers and fixed odds betting.
The Global Tote will only take out a maximum of 12%, leaving a greater portion of the pool to be distributed to punters who backed the winner.
HOW TO BET WITH THE GLOBAL TOTE
Punters betting through TopBetta will be able to access the Global Tote odds from Thursday, with bets to be written on thoroughbred racing at Warrnambool and the greyhound meeting at Albion Park.
To start with, TopBetta punters will be offered two Global Tote products:
Global Tote Top for thoroughbred racing – Punters will bet into The Global Tote pool, with the guarantee of being paid at the highest dividend of the three existing totes (NSW TAB, S-TAB and Tatts) and The Global Tote.
Example 1: The winner of Warrnambool Race 1 pays $4.20 with NSW TAB, $4.10 with S-TAB, $4.40 with Tatts and $4.60 on The Global Tote. Winning punters are paid at a dividend of $4.60.
Example 2: The winner of Warrnambool Race 2 pays $2.20 with NSW TAB, $2.30 with S-TAB, $2.20 with Tatts and $2.00 on The Global Tote. Winning punters are paid at a dividend of $2.30.
Global Tote Mid for greyhound racing – Punters will bet into The Global Tote pool, with the guarantee of being paid at the middle dividend of the three existing totes (NSW TAB, S-TAB and Tatts) if The Global Tote does not exceed this price.
Example 3: The winner of Albion Race 3 pays $6.00 with NSW Tab, $5.80 with S-TAB, $6.20 with Tatts and $6.30 on The Global Tote. Winning punters are paid at a dividend of $6.30.
Example 4: The winner of Albion Park Race 4 pays $1.80 with NSW TAB, $2.00 with S-TAB, $2.00 with Tatts and $1.90 with The Global Tote. Winning punters are paid at a dividend of $2.00.
WHICH MEETINGS?
To ensure punters are provided with the best possible product, The Global Tote won’t be switched on for every race meeting straight away. BUT IT WILL OPERATE ON THE WARNAMBOOL MEETING TODAY. To bet into the Golbal Tote pool just use your Topbetta account (click on the Banner on this page to join if you dont have one) on Racing. My guess is that the Global Tote will be more than competotive from day one.