England pool betting

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It fundamentally changes how you need to think about the bet on a tactical level. This can sometimes lead to people getting less than they hoped or winning huge sums of money entirely depending on the result of the pool. One negative is there are fewer markets right now. And we always say, when it comes to online betting, variety can only be considered a positive.

This is a form of gambling where you place a selection, whether that be on something like a lottery or a sporting event, although the latter is of course of more interest to us, and if that selection wins you and whoever else chose that selection shares the prize money.

What determines the prize money? That depends on the pool, the prize money can either simply be all the money that has been put in across all the selections, or it can be a pre-determined jackpot. Well, because what constitutes a winner can be so many different things depending on that particular pool. The different versions of betting pools largely depend on how a winning selection is chosen.

For example, it could be the winner of a horse race, or it could be those who chose the positions of the top three finishers, for instance. What makes them a betting pool is the sharing of the prize money amongst the winners. Where are the betting odds? So, what dictates how much money I win? But in pool betting, users have no idea how much money they are going to win, though on some sites like Betfair it is possible to see an estimation of the potential profits.

This is because it depends on how many other people entered the pool by making the same selection on a bet. What this means in practice is that the more people who back the winner in a race in pool betting, the lower the winning dividend will be that is then paid out. In contrast, though, the fewer people who make the right selection, the higher the payout will be to that pool of racing fans.

Some pool betting involves players having to pick a horse in several different races, with the racecard usually made up of six races. Landing wins on this type of pool betting is regarded as extremely difficult, but the prizes that are up for grabs tempt many people to test it out.

When it comes to the winnings that are available from pool betting, the betting sites first take a cut that is known as the deductions. What is leftover is then divided among the winners. Although most pool betting is on horse racing, there are some football pool betting options available as well on various sites.

Fans of the beautiful game should definitely consider checking them out if they want to have a chance of taking a slice of what often can be a very large pie. Select betting sites enable people to take part in pool betting in what are known as private syndicates.

By forming this type of pool betting group, users can bet with and against their family members and friends, with the management of the pool handled by the site itself. While it is possible to run a private betting syndicate offline, this can be a lot to handle and most people will find pool betting is a lot easier to get involved with online, through a betting site.

Different Types of Pool Betting Options Those who are new to pool betting may be confused about the range of options available. Here, we break down some of the most common types of pool betting that many people like to use.

Totepool: Different types of wagers — like win bets, place bets, mixed each-way bets, forecasts and so on — are offered on the Totepool. This pool betting option allows players to stake on as many different lines as they want, which gives them more chances to get winning wagers. ToteJackpot: This is a very popular type of pool betting option among horse racing fans.

In the ToteJackpot, six races are selected from the cards on offer and players have to pick the winning horse in each of them. Totequadpot: The Totequadpot is usually only offered for UK race meetings that have at least six races on the card. It runs from the third race of the day to the sixth, with four races involved, hence the name Totequadpot.

The Totequadpot is widely seen as being easier to win than the ToteJackpot due to the fact there are two fewer races, but the prize pool drops as a result. Scoop 6: In the Scoop 6 type of pool betting, players pick selections from six races on a Saturday. Typically, winners bank thousands of pounds each in Scoop 6 pool betting. One of the best things about Scoop 6 pool betting is that the winners have the chance to improve their profits even more by picking the winner in a bonus race that is run at a later date.

Exacta: An exacta bet in pool betting is usually described as being equivalent to a straight forecast in horse racing. Players, therefore, have to pick two horses to finish first and second. The horses must finish in that exact order, so if the horses selected come second and first instead of first and second, then this pool bet is unfortunately not going to be a winner.

Swinger: In the swinger type of pool betting, players have to pick two horses that they think will finish in the top three of a race. If this happens, they earn a share of the prize pot as a result. The swinger option can therefore be a good pool betting option for horse racing fans who cannot decide which of two horses they fancy in a race to back. Users can actually add more than two horses to a swinger bet, but of course, this means the total stake for the wager will increase.

Trifecta: The trifecta is one of the hardest bets to land in the world of horse racing gambling. This is because players have to pick the horses that finish in the top three — and they have to be in the right order. So if a player picks the winner but gets second and third in the wrong order, then the trifecta pool wager will not win. Due to the fact, the trifecta is such a challenge to get right, the amounts of money that are up for grabs can get very large indeed.

The trifecta can be compared to the tricast betting option that is offered by traditional bookmakers. Private syndicates: Arguably the most fun type of pool betting is private syndicates. This allows players to ensure that they are only competing with and against people they know, for example, friends or members of their family. Some pool betting sites allow private syndicates to be formed and there might even be rewards up for grabs for those who opt to take this pool betting option.

Betting Sites with Pool Betting Options An increasing number of bookmakers now have pool betting options available, including these: Review Betfred: Among the leading pool betting bookmakers is Betfred. Those who sign up for an account with this betting site can access the likes of placepots, Scoop 6 and the ToteJackpot.

Those who are new to pool betting can also read guides walking them through the process on the Betfred site, which can also act as a handy refresher to those who like pool betting. First bet must be on Sports. Bonuses have a 7-day expiry. Payment restrictions apply. D and address may be required. Review QuinnBet: Pools betting has its own section at QuinnBet , which is already becoming one of the top Irish betting sites despite only having been founded relatively recently.

Unlike a lot of other bookmakers, QuinnBet does not just have horse racing pool betting available as it also has football pool betting options up for grabs. Some of the pool betting syndicates that are available at QuinnBet have more than people involved, which shows how popular this option is now.

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If you back a popular horse, the dividend will be lower and if you back an unpopular horse that happens to win, you can get paid out to some big dividends as less people in the pool will have backed it. How are Tote odds calculated? Tote odds are calculated by dividing the total pool by the number of winning tickets in the pool. What are the types of Tote bet? There are a wide range of Tote bets for you to try, from single race wagers to multi-leg and exotic pools where you can win big for small stakes.

Exacta The Tote Exacta requires you to find the first two horses to finish in a race. This can be a straight Exacta or a reverse Exacta. The reverse Exacta is when you pick the same two horses but they can finish in either order. Swinger The Tote Swinger is a great bet if you think two horses will run well in a race. You'll have a winning Tote Swinger if you've backed: 1st and 2nd placed horses, 1st and 3rd placed horses, 2nd and 3rd placed horses. Like all Tote wagers, the less popular your selections, the higher your winnings.

Trifecta A Tote Trifecta is where you choose three horses to finish first, second and third in a race of your choice. Big dividend payouts are commonplace when you back the first three horses home in any race.

You can bet on a straight Trifecta or a combination Trifecta. With a combination Trifecta you will include the six possible order permutations, so your stakes will multiply by the number of permutations you back. Placepot Tote Placepot is your first bet of the day, our most popular bet type and a regular raceday ritual for horse racing fans. To win the Placepot pool, you must pick a horse to finish placed in the first six races at any given meeting.

Quadpot The Tote Quadpot requires you have to find a horse to place in races three, four, five and six at any given meeting. All in all, when you want to find a good betting site, regardless of the type of betting you enjoy, the vast majority of what you should be looking for should be the same.

What are the potential pros and cons of pool betting? The interesting thing about Pool Betting is that its biggest potential negative is also its greatest positive, depending on how you look at it. Often, this also means predicting both the outcome and what other people will bet on. It fundamentally changes how you need to think about the bet on a tactical level. This can sometimes lead to people getting less than they hoped or winning huge sums of money entirely depending on the result of the pool.

One negative is there are fewer markets right now. And we always say, when it comes to online betting, variety can only be considered a positive. This is a form of gambling where you place a selection, whether that be on something like a lottery or a sporting event, although the latter is of course of more interest to us, and if that selection wins you and whoever else chose that selection shares the prize money.

What determines the prize money? That depends on the pool, the prize money can either simply be all the money that has been put in across all the selections, or it can be a pre-determined jackpot. Well, because what constitutes a winner can be so many different things depending on that particular pool.

The different versions of betting pools largely depend on how a winning selection is chosen.