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PMU
- With over 10,000 sales outlets in France and the ability for customers to place their bets via telephone, internet or on a mobile, it is no surprise that PMU are the biggest horse racing tote operator in Europe and the second biggest in the world.
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The decision follows extensive negotiations between Horse Racing Ireland, Tote Ireland and the UK Tote Group over several months, and has led to a seven-year alliance between the Tote operators in Ireland and Great Britain being approved by the HRI Board.
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Sep 28, 2023 · Number One operator of “pari-mutuel” horse race betting in Europe and third largest worldwide, PMU’s main activity is to market bets on horse races in a responsible and trusting environment.
Jun 22, 2022 · Chris Cook, a four-time Racing Reporter of the Year award winner, provides his take on the day's biggest stories and tips for the upcoming racing every morning from Monday to Friday. The UK Tote Group has moved into profitability, according to its latest set of accounts lodged with Companies House.
- Bill Barber
- Industry Editor
Searches related to Who is the biggest horse racing tote operator in Europe?
- The History of The Tote
- How The Tote Works
- Which Countries Use The Tote?
- Pros and Cons of Tote Betting
- Final Thoughts on Tote Betting
The tote was first conceived in the 1860’s in France by Joseph Oller, whose concept the ‘Pari mutuel’ is still used for horse racing in France today. The operators of the system total up all of the bets placed on an event, deduct their commission (which is normally a percentage of the pool), and then apportion the remaining pool funds to the winnin...
Let’s take an example from the Tote, which is the UK’s totalisator system, used for horse racing. The current deductions from the Tote are 16.5%, and we will use a six-runner race with a pool of £40,000 to demonstrate the calculations that produce the dividend. The figures next to each horse represent the amount that has been staked on the runner: ...
The above example demonstrates the UK’s use of the tote, but in reality it is one of the few countries in the world where the pari-mutuel style system is not the primary outlet for betting. Fixed fractional odds are embedded within the UK’s betting culture and whilst the tote concept is popular for jackpot style pools where several horses have to b...
Advantages of Tote Betting
1. One of the major advantages of the tote system is that customers can generally stake what they want on a race as they are effectively betting against other punters. Fixed odds bookmakers are not obliged to accept business (and they often do not!) from shrewd or large staking clients. 2. Having a pari-mutuel style system in theory reduces the ability for skulduggery and increases the integrity of racing. With fixed odds betting, connections of a horse/dog, may not run that animal on its mer...
Disadvantages of Tote Betting
1. One of the disadvantages of the pari-mutuel style betting system is that punters are not able to determine their exact return when striking a bet. As there is a requirement for the pool to close before each individual price can be calculated, this leaves an element of uncertainty. For instance if a horse has been trading at around 5.50 prior to the off and then a lot of late money comes for the selection, the odds on that runner will collapse. This is particularly an issue for those who vi...
Governments and racing authorities tend to favour the tote due to its free market functionality that in theory should reduce the potential for manipulation and corruption. However, many gamblers would argue that not knowing a return on a bet, eliminates a fundamental element of what being profitable is all about. The argument that ‘If you don’t kno...
Oct 6, 2023 · Started by Sir Winston Churchill in 1928, the Tote was created to be a safe place to bet and return funds to British racing. The Tote is the largest pool betting operator in the United Kingdom and has been at the heart of British racing for over 90 years.
Jun 15, 2020 · WoTA counts 21 tote operators representing a turnover of more than €25 billion and 7 Associated members (Technology and services providers and Racing organisers). WoTA merges members of the European Pari Mutuel Association, EPMA and the Asian African Tote Association, AATA.
www.racingpost.com · free-bets · bookmakersTote Review & Expert Ratings September 2024 - Racing Post
May 1, 2024 · The Tote have more unique selling points than most betting operators by dint of them being the only major pools operator in the UK and Ireland. This has its limitations, too, so do not restrict yourself to betting only with the Tote.
