All the money bet on the Tote for an event is split between all the people who bet on the winner - a form of pool based betting system. Treble A bet in which you make three selections, and all must come in for the bet to be successful - eg three winners in three races. The proceeds from the first bet are carried forward as stake onto the next bet and so in - until a horse loses, in which case all the money is lost. Of course, all 3 may win, in which case the odds are multiplied together to calculate your winnings.
This is the Uk betting pool where you can bet 'to win', 'win and place' and 'place only'. Reversed forecast 'exacta' bet, Tricast and Placepot bets also available. Payouts made proportionally, dependant on amount of money taken on event. Similar to paris-mutuel. Dead Heat rules apply.
Abbreviation for "Totalisator". A Pool (also known as "pot" ot "TAB") based system where all bets are pooled and following the race distributed among all winners - less the Tote takeout percentage.