Good winnings from relatively small stakes is the essence of the scoop 6, tote and place pot markets. If you want a relatively hassle free introduction to the horse racing markets, then the below options could be right up your street.
Scoop 6 v Tote v Placepot explained
The Scoop 6 is a lottery style bet available on a Saturday in which you have to call the winner, or placed horse, in six chosen races.
Available through Betfred and Totesport, the Scoop 6 is often based upon the most competitive races over Channel 4’s weekend racing coverage and an individual bet will set you back £2 per go. You can get a £30 free bet when you join Betfred and play the Scoop 6 on the desktop site, mobile site or app.
That stake will give you the opportunity to place one selection in each of the races involved over the day, but you can have as many goes as you like, and many of the most successful bettors in this market do indeed place large stakes in order to maximise their chances of winning.
The amount you need to stake on your selections will depend on the number of combinations your bet will encompass. So two bets on each race on the card will give you 64 chances of winning, and therefore your stake would be £128. However this market can have winnings of a life-changing size, and pots as large as £11million have been known to occur on the Scoop 6 when winners have not been found and rollovers have occurred.
For those that fall just short of the jackpot there is also a consolation bet on offer. If you select a placed horse in each of the six races you could stand to earn anywhere between £100 and £500 for your efforts.
Tote betting is a relatively simple way for punters to bet and, as such, it attracts more inexperienced and beginner bettors who do not feel as comfortable grappling with the full range of markets.
Tote betting is essentially pool betting, meaning that all the stakes are collected together to calculate odds and winnings in a lottery style format.
Because less experienced bettors often frequent these markets you do often find that horses with popular or unique names come in at shorter odds than usual, so it still pays to know a little bit about a horse’s form and background.
It is important to note, too, that while you can view the latest odds though the tote, final odds will only be calculated once the exact number of bettors is known following the race.
You can choose to bet on the race winner or placed horses, the amount which will vary depending on the number of horses running through the tote, although it is common for bettors to stake on both of these markets to increase their chances of winning.
The place pot is a fun, cheap, engaging way to liven up a race meeting by betting on the horses that you think will place in each of the first six races.
That means that through this form of betting you can win good amounts of money without ever even having to predict a winner!
If you call each one correctly you will get a share of the dividend, which is worked out by the number of winning tickets against the number of overall bets placed.
This means that larger meetings with more horses can often be more profitable, as it is harder for punters to spread their bet to maximise their chances of winning – there are often also more winning places in large meetings.
In races of four or fewer horses you will have to select the winner, but can secure the top two in races of between five and seven runners, top three in the races for eight and more runners and even top four when 16 or more horses are running.
It often pays to avoid the favourite when betting on a place pot, as these carry the worst odds, and dividends for the winners of the place pot can usually average out in the region of £500.