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TopBetta's Global Tote

TopBetta's Global Tote

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TopBetta's Global Tote has taken the Australian betting industry by storm since TopBetta introduced the concept back in 2016 and with more and more punters choosing this new betting option many experts within the betting industry believe this is the future of tote betting across Australia as the punter gains added value due to lower margins of The Global Tote resulting in better dividends for all winning bets.

Global Tote - The Worlds Lowest Take Out Tote

For many years the tote has suffered within the Australian betting industry due to the huge rise in popularity concerning online betting and fixed odds wagering thanks to the many online betting sites that are now available to punters throughout Australia. 

Australian tote markets currently take out between 17%-25% of finalised pools before paying punters while the new Global Tote has committed to taking out a maximum of 12% meaning there is more money left in the pools for winning dividends.

This extra value may well be what is needed to sway current punters back from the favoured fixed price markets that are now offered by all leading online betting sites.

TopBetta initially launched Global Tote back in 2016 and they have already licenced Global Tote to Ladbrokes Australia who are one of the biggest online betting sites in Australia with many more online bookmakers also showing interest.

Already the Global Tote partners include the main three racing bodies in Australia (Racing NSW, Racing Victoria, Racing Qld) along with many other notable racing bodies.

What Is The Global Tote?

The Global Tote is a world-first wholesale tote that combines the liquidity from markets around the world.

The conduit between corporate bookmakers and racing bodies globally.

It provides an opportunity for Racing Bodies to expand their products internationally while maintaining integrity and at the same time, gaining added revenues from international markets.

The Global Tote is a new breed tote system without restrictions on size of events and entrants meaning that in addition to racing products.

The Global Tote can operate on major sporting events such as The Tour De France, US Open Golf, Wimbledon tennis and many other major sporting and racing events.

How To Place A Global Tote Bet.

Punters betting through TopBetta will be able to access the Global Tote odds from Thursday, with bets to be written on thoroughbred racing at Warrnambool and the greyhound meeting at Albion Park.

To start with, TopBetta punters will be offered two Global Tote products:

Global Tote Top for thoroughbred racing.

Punters will bet into The Global Tote pool, with the guarantee of being paid at the highest dividend of the three existing totes (NSW TAB, S-TAB and Tatts) and The Global Tote.

Example 1: The winner of Warrnambool Race 1 pays $4.20 with NSW TAB, $4.10 with S-TAB, $4.40 with Tatts and $4.60 on The Global Tote. Winning punters are paid at a dividend of $4.60.

Example 2: The winner of Warrnambool Race 2 pays $2.20 with NSW TAB, $2.30 with S-TAB, $2.20 with Tatts and $2.00 on The Global Tote. Winning punters are paid at a dividend of $2.30.

Global Tote Mid for Greyhound Racing.

Punters will bet into The Global Tote pool, with the guarantee of being paid at the middle dividend of the three existing totes (NSW TAB, S-TAB and Tatts) if The Global Tote does not exceed this price.

Example 3: The winner of Albion Race 3 pays $6.00 with NSW Tab, $5.80 with S-TAB, $6.20 with Tatts and $6.30 on The Global Tote. Winning punters are paid at a dividend of $6.30.

Example 4: The winner of Albion Park Race 4 pays $1.80 with NSW TAB, $2.00 with S-TAB, $2.00 with Tatts and $1.90 with The Global Tote. Winning punters are paid at a dividend of $2.00.

Global Tote Bet Types

Global Tote Top for Thoroughbred Racing.

Punters will bet into The Global Tote pool, with the guarantee of being paid at the highest dividend of the three existing totes (NSW TAB, S-TAB and Tatts) and The Global Tote.

Example of Global Tote Top Bet: The winner of Warrnambool Race 1 pays $4.20 with NSW TAB, $4.10 with S-TAB, $4.40 with Tatts and $4.60 on The Global Tote. Winning punters are paid at a dividend of $4.60.

Global Tote Mid for Greyhound Racing.

Punters will bet into The Global Tote pool, with the guarantee of being paid at the middle dividend of the three existing totes (NSW TAB, S-TAB and Tatts) if The Global Tote does not exceed this price.

Example of Global Tote Mid Bet: The winner of Albion Race 3 pays $6.00 with NSW Tab, $5.80 with S-TAB, $6.20 with Tatts and $6.30 on The Global Tote. Winning punters are paid at a dividend of $6.30.

Which Meetings Can I Bet On?

To ensure punters are provided with the best possible product, The Global Tote won’t be switched on for every race meeting straight away.

Meetings will be switched over time. Check the TopBetta blog or follow on Facebook for the most up to date information.

Does Global Tote Round Dividends?

No – Global Tote does not round final dividends – meaning punters get full value for their winning bets, unlike other totes.

RECREATIONAL PUNTERS

Lower margin products
resulting in better dividends.
No restrictions placed on punters.
More products and content to bet on.
Higher liquidity in pools.

WAGERING OPERATORS

Reduces operating costs.
Simplifies data and content feeds.
No winning clients – low risk product.
Offer competitive products.

RACING BODIES

Receive revenues from all operators.
Improves integrity through transparency.
Access to global operators.
Increases awareness of products.
Fosters growth of the sport. 

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