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Is it better to bet fixed or tote?

Our Verdict on Fixed Odds or Tote Odds We suggest betting on the fixed odds market if you're looking for early value. Markets for Saturday races open on Wednesday, so if you're early, you can lock in good value. However, betting on the tote close to start time is a good option.

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Fixed Odds vs. Tote Odds

We are lucky in Australia to have a massive variety of betting options supplied by bookmakers and other betting sites. However, the age-old question of fixed odds vs tote is still rife in the industry.

Firstly, we’ll explain the different between fixed odds and tote markets.

What are fixed odds?

Fixed odds are when you place your bet, the odds are set and cannot change. If you place a bet on a runner paying $6, that’s the odds you receive when you win. Fluctuations can only occur when a horse paying over $30 is late-scratched from the race.

What are tote odds?

Tote odds are the odds for any runner is determined initially by bookmakers, but the market pressure is added. How much money is placed on a runner will determine its tote price, depending on the size of the betting pool in total. Tote odds can fluctuate dramatically depending big bets coming late in the market.

Fixed odds vs tote odds: What’s best for Australian punters?

It typically comes down to personal preference, but we look at the positives and negatives for both betting options. Fixed odds are great if you are able to identify early value when markets open. If you think a runner paying $7 will drop to around $4 come start time, then locking in that value with the fixed odds is a best thing to do. If your assumptions are correct, you’ll have locked in a value price and that’s key to making money when betting on horse racing. However, it works against you if the opposite happens. Your horse might drift out in the market and you’re stuck with the odds you locked in. Thankfully, and it’s a big thanks, some bookmakers give punters the best fixed odds available throughout the market. Bet365 gives Australian punters the best fixed odds given for any runner in Australia, so you don’t have to worry about your runner being a huge drifter. If bookmakers give the best fixed odds, then why bet on the tote? Betting on the tote can be rewarding, because often a runner pays more on the tote than what you backed them at the fixed odds price. But you never really know what odds you’re going to get until they cross the line. The tote price is also subject to big late bets, which can alter the odds significantly. All-up bets also affect the odds, so if one punter has a huge all-up bet finishing on a runner paying $4 on the fixed odds, you can expect something around $2.40 on the tote because of the weight of tote money. One way to avoid this is by betting Top Fluc. It stands for Top Fluctuation and is offered by the likes of BetEasy and Sportsbet. You get the best tote price from all the official on-course bookmakers, which provides you with some security.

Our Verdict on Fixed Odds or Tote Odds

We suggest betting on the fixed odds market if you’re looking for early value. Markets for Saturday races open on Wednesday, so if you’re early, you can lock in good value. However, betting on the tote close to start time is a good option. You can gauge which market will pay better odds, so keep an eye on the markets and bet accordingly.

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What is the safest way to gamble?

Follow these suggestions for safer gambling If you choose to gamble, do so for fun. ... Expect to lose. ... Treat the money you lose as the cost of your entertainment. ... Set a dollar limit and stick to it. ... Set a time limit and stick to it. ... Make it a personal rule not to gamble on credit. ... Balance gambling with other activities. More items...

Lottery tickets? Scratch-offs? Video poker? Slots? Whatever your game, follow these tips for safer gambling. Make sure you have the time and money for what's really important.

Follow these suggestions for safer gambling

If you choose to gamble, do so for fun. If your gambling is no longer fun, ask yourself why you're still doing it. Expect to lose. The odds are that you will lose. Accept loss as a part of the game. Treat the money you lose as the cost of your entertainment. Any winnings are a bonus. Set a dollar limit and stick to it. Decide before you go how much you can afford to lose and how much you want to spend. Do not change your mind after losing. Set a time limit and stick to it. Decide how long you want to gambling. Leave when you reach your time limit, whether you are winning or losing. Make it a personal rule not to gamble on credit. Do not borrow to gamble. Balance gambling with other activities. Gambling should not interfere with, or take the place of, friends, family, work, or other enjoyable activities. Avoid chasing lost money. Chances are the more you try to win your losses back, the larger your losses will be. Avoid gambling when you are depressed, upset, or in pain. It's hard to make good decisions about gambling when you're feeling stressed or down. Educate yourself about problem gambling. The more you know, the better choices you can make.

Help is available

If you can't follow these tips, you may need help.

Help is FREE and confidential at 1-877-MY-LIMIT (877-695-4648) or opgr.org

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