What is a Quadpot? The Complete Guide to Tote Pool Betting

A Quadpot is a pool betting wager on horse racing where punters must select a horse to place (finish in the top positions) in races 3, 4, 5, and 6 of a Tote meeting. Unlike fixed-odds betting with traditional bookmakers, Quadpot payouts are determined by the total prize pool accumulated from all bettors, with the Tote taking a standard deduction before distributing winnings equally among successful players.

The Quadpot has become increasingly popular among UK horse racing enthusiasts because it offers an accessible alternative to the more demanding Placepot, requiring predictions over only four races instead of six. This makes it particularly attractive to punters who arrive late at the racecourse or prefer lower-risk pool betting options.

What is a Quadpot and How Did It Originate?

The Definition and Basic Concept

A Quadpot is fundamentally a Tote pool bet — a form of pari-mutuel betting where all stakes are pooled together rather than being wagered against fixed odds. The term "Quadpot" itself derives from "quad" (four) and "pot" (pool), reflecting the four-race structure that defines this betting type.

To win a Quadpot, your selected horse must place (not necessarily win) in each of races 3, 4, 5, and 6 at any UK or Irish racecourse offering Tote betting. The minimum stake is just £1, making it an affordable entry point for new punters exploring pool betting. If your horse finishes in one of the designated place positions for all four races, you share the pool with other successful bettors. If you fail to get a placed horse in even one race, you lose the entire stake — Quadpot is an all-or-nothing bet.

The History and Evolution of the Quadpot

The Quadpot was introduced by the Tote as a strategic response to punter demand for a more accessible pool betting option. While the Placepot, which requires selections across six races, had dominated UK pool betting since the 1960s, many punters found the six-race requirement daunting. The Placepot's difficulty meant that winning tickets were rare, and pools often carried over to subsequent meetings, creating massive accumulated jackpots but frustrating regular bettors.

The Quadpot emerged as the Tote's solution: a four-race pool that maintained the excitement and shared-pool structure of traditional Tote betting whilst significantly improving winning odds. By starting at race 3 rather than race 1, the Quadpot also appealed to late arrivals at racecourses — a demographic that had previously been excluded from the Placepot.

Over the past two decades, the Quadpot has evolved from a niche offering to a staple of daily Tote betting. The introduction of online Tote betting platforms further democratised access, allowing punters to place Quadpot wagers from home rather than only at physical racecourses. Today, the Quadpot is available at virtually all UK and Irish racing meetings, typically running from 9 AM onwards.

How Does a Quadpot Bet Actually Work?

The Basic Mechanics of Placing a Quadpot

Placing a Quadpot is straightforward in principle but requires careful consideration of your selections. Here's how the mechanics function:

Step 1: Choose Your Races
Your Quadpot covers races 3, 4, 5, and 6 of the racing meeting. You must place your bet before the start of race 3 — once race 3 begins, betting closes for that Quadpot. This timing constraint is crucial and differs from the Placepot, which requires selections before race 1.

Step 2: Select Your Horses
For each of the four races, you nominate one or more horses that you believe will place. "Place" means the horse finishes in one of the designated place positions — typically the top 2, 3, or 4, depending on field size (explained in detail below).

Step 3: Determine Your Stake
The simplest Quadpot involves selecting just one horse per race. This costs a minimum of £1. However, you can select multiple horses per race to increase your chances of success. Each additional horse per race multiplies your total stake through what's called a permutation — a mathematical combination of all your selections.

Step 4: Monitor Results
After races 3 through 6 have been run, the Tote calculates the total pool of all Quadpot stakes placed that day. The Tote deducts its standard cut (typically around 14%), and the remaining pool is divided equally among all punters whose four horses all placed.

Real Example:
Imagine you're at Ascot on a Saturday. You select:

• Race 3: Midnight Runner (odds 5/1)
• Race 4: Dancing Queen (odds 3/1)
• Race 5: Bold Venture (odds 7/2)
• Race 6: Swift Dancer (odds 4/1)

You stake £1. If all four horses place in their respective races, you win a share of that day's Quadpot pool. If Midnight Runner wins but the other three place, you've lost — all four must place for success.

Understanding Field Size and Place Positions

One of the most misunderstood aspects of Quadpot betting is how "place" is defined. The number of place positions paid varies according to the number of runners in each race. This is critical because it affects both your odds of winning and the potential value of your selections.

This structure has important strategic implications. A race with 5–7 runners offers only two place positions, making it more difficult to land your selection. Conversely, a handicap with 20 runners offers four place positions, dramatically improving your chances. Experienced Quadpot punters often prefer days with larger field sizes because the additional place positions significantly increase the probability of all four horses placing.

Field Size Impact Example:
On a Tuesday meeting, all four Quadpot races have 6–7 runners each, paying 2 places. Your chances of all four horses placing are lower. On a Saturday at a major racecourse, all four races are handicaps with 18+ runners, paying 4 places. Your chances of success improve substantially, even if you select less-favoured horses.

Pool Distribution and Payout Mechanics

Understanding how Quadpot payouts work requires grasping the mechanics of pool betting, which differs fundamentally from fixed-odds betting.

How the Pool Works:
Every £1 staked on the Quadpot across the entire meeting goes into a single pool. If 10,000 punters each stake £1, the pool is £10,000. The Tote then deducts its operational costs and tax (typically 14%), leaving £8,600 to be distributed among winners.

Calculating Your Share:
If 50 punters successfully get all four horses to place, the £8,600 is divided equally: £8,600 ÷ 50 = £172 per winning ticket. So a £1 stake returns £172 (a profit of £171). If only 10 punters win, each receives £860 on their £1 stake.

This is why Quadpot payouts are unpredictable — they depend entirely on how many other punters also win. A day with many winners produces small payouts; a day with few winners produces large payouts.

Carryover Scenarios:
On some days, nobody wins the Quadpot. When this happens, the entire pool carries over to the next day's Quadpot, accumulating until there is a winner. These carryover pools can grow to thousands of pounds, creating exceptional value for punters who eventually win. However, they also indicate that winning is genuinely difficult.

What's the Difference Between Quadpot and Placepot?

Race Coverage and Timing

The most obvious difference is structural: Placepot covers races 1–6, while Quadpot covers races 3–6. This seemingly small difference has profound implications for betting strategy and accessibility.

Placepot Timing:
You must place your Placepot selections before the start of race 1. If you arrive at the racecourse late, you cannot place a Placepot for that meeting. You've missed your opportunity.

Quadpot Timing:
You can place a Quadpot bet anytime before race 3 begins. This makes it ideal for punters who arrive mid-afternoon or who want to enter pool betting after watching the first two races. Many punters use Quadpot as a "second chance" bet if they've lost their Placepot.

Strategic Implication:
Placepot requires you to predict the outcome of the entire meeting from its opening race. Quadpot allows you to focus on the final four races, which may feature more established form or clearer betting patterns, especially if races 1 and 2 were unpredictable.

Difficulty, Risk, and Expected Returns

The mathematics are stark: selecting one horse in each of six races (Placepot) is roughly 15 times harder than selecting one horse in each of four races (Quadpot). This is why Placepot pools accumulate massive carryovers — winning outright is genuinely rare.

Quadpot's lower difficulty means more frequent winners, smaller individual payouts, and less dramatic carryovers. For punters seeking a more achievable pool betting experience, Quadpot is substantially more forgiving.

Risk-Adjusted Returns:
A Placepot punter might stake £10 on a complex permutation and win £3,000 once every two years. A Quadpot punter staking £10 might win £200–£400 several times per year. The Quadpot offers more frequent small wins; the Placepot offers occasional large wins. Your preference depends on your risk tolerance and betting psychology.

How Do You Calculate Your Quadpot Stake and Lines?

Single Horse Selections (Banker Approach)

The simplest Quadpot bet involves selecting one horse per race — often called a "banker" approach. You're committing to a single horse in each leg and hoping it places.

Calculation:
1 horse (race 3) × 1 horse (race 4) × 1 horse (race 5) × 1 horse (race 6) = 1 line

At £1 per line, your stake is £1. This is the minimum Quadpot bet.

When to Use Banker Approach:

• When you're highly confident in specific horses
• When you want to minimise stake (tight budget)
• When you're combining Quadpot with other bets

Advantages:

• Lowest possible stake (£1)
• Clear, simple structure
• High odds if you win (fewer winners means larger share of pool)

Disadvantages:

• If one horse fails to place, entire bet is lost
• No backup selections
• Requires strong form analysis and confidence

Multiple Horse Selections (Permutations)

Most Quadpot punters select multiple horses per race, creating what's called a permutation — a mathematical combination of all possible selections across the four races.

The Formula:
Total lines = (horses in race 3) × (horses in race 4) × (horses in race 5) × (horses in race 6)

Total stake = Total lines × Unit stake

Worked Example:
You select:

• Race 3: 2 horses (Midnight Runner, Bold Venture)
• Race 4: 2 horses (Dancing Queen, Swift Mover)
• Race 5: 3 horses (Elegant Lady, Royal Flush, Thunderbolt)
• Race 6: 2 horses (Final Call, Sunset Glory)

Calculation:
2 × 2 × 3 × 2 = 24 lines

At £1 per line: 24 lines × £1 = £24 total stake

This permutation covers all 24 possible combinations of your selections. If any combination results in all four horses placing, you win a share of the pool.

Common Permutation Scenarios:

When to Use Permutations:

• When races are competitive with multiple viable candidates
• When you want to increase your chances of success
• When you can afford a higher stake

Advantages:

• Increased coverage — multiple horses per race
• Higher probability of all four placing
• More forgiving if one horse underperforms

Disadvantages:

• Stake increases rapidly with more selections
• Smaller payout per winning line if many others also win
• Risk of over-staking (spending more than intended)

Permutation Strategy Tip:
Resist the temptation to select too many horses. A 3-3-3-3 permutation (81 lines at £81 stake) significantly reduces your expected return because more other punters will likely also win, shrinking the pool share. Often, a disciplined 2-2-2-2 or 2-2-2-3 permutation offers better value by balancing coverage with reasonable odds.

What Are the Key Rules and Conditions for Winning a Quadpot?

The Core Winning Condition

The fundamental rule of Quadpot betting is deceptively simple: all four of your selected horses must place in their respective races. There is no partial credit, no consolation payout, no second-place prize. It is binary — you either win or you lose.

"Place" means the horse finishes in one of the designated place positions for that race. As discussed earlier, this typically means:

• Top 2 in races with 5–7 runners
• Top 3 in races with 8+ runners
• Top 4 in handicaps with 16+ runners

Critical Point:
Your horse does not need to win. It only needs to place. This is a fundamental distinction that separates Quadpot from win-only bets and is one reason why Quadpot offers more accessible odds than win betting.

Winning Scenario:
Race 3: Your selection finishes 2nd (places) ✓
Race 4: Your selection finishes 1st (places) ✓
Race 5: Your selection finishes 3rd (places) ✓
Race 6: Your selection finishes 1st (places) ✓
Result: You win a share of the pool.

Losing Scenario:
Race 3: Your selection finishes 1st (places) ✓
Race 4: Your selection finishes 1st (places) ✓
Race 5: Your selection finishes 5th (doesn't place) ✗
Race 6: Your selection finishes 2nd (places) ✓
Result: You lose the entire stake. The failure in race 5 means the entire bet is lost.

What Happens If You Don't Get All Four?

There is no partial payout in standard Quadpot betting. If even one of your four selections fails to place, you lose your entire stake. This is the defining characteristic of pool betting — it's an all-or-nothing structure.

However, the Tote occasionally offers variations or supplementary betting options:

Consolation Carryover:
On some days, if nobody wins the main Quadpot, the pool carries over to the next day. If you had three placed horses (missing one), you don't win the current pool, but your stake is sometimes credited towards the next day's Quadpot — though this varies by Tote offering and isn't guaranteed.

Permutation Coverage:
If you've placed a permutation (e.g., 2-2-2-2), you have 16 different combinations covered. It's theoretically possible that one combination within your permutation succeeds whilst others fail. However, remember that you only win if at least one of your 16 combinations results in all four horses placing. Partial success in individual combinations doesn't generate payouts.

Hedge Betting:
Experienced punters sometimes place multiple Quadpot bets with different selections to hedge their risk. For example, you might place one banker Quadpot (£1) with your most confident selections, and a second permutation Quadpot (£16) with broader coverage. This increases total stake but reduces the risk of losing everything.

What Are Common Quadpot Betting Strategies?

Banker vs Spread Strategy

Experienced Quadpot punters typically adopt one of two primary strategies, each reflecting a different approach to risk and reward.

Banker Strategy:
A banker is a single horse selected in one or more legs of the bet. The simplest banker Quadpot involves one horse per race (1-1-1-1 permutation, £1 stake). More sophisticated bankers might involve one or two legs with single horses and other legs with multiple selections.

Example:
Race 3: Midnight Runner (banker — you're very confident)
Race 4: Dancing Queen, Swift Mover (2 horses)
Race 5: Elegant Lady, Royal Flush (2 horses)
Race 6: Final Call (banker)

Calculation: 1 × 2 × 2 × 1 = 4 lines, £4 stake

Banker Advantages:

• Reduces stake significantly
• Higher odds if you win (fewer combinations = fewer likely winners)
• Simplifies decision-making

Banker Disadvantages:

• If your banker fails to place, entire bet is lost
• Requires high confidence in specific horses
• No backup if your analysis is wrong

Spread Strategy:
A spread involves multiple horses in most or all legs, maximising coverage. A 3-3-3-3 permutation is a full spread (81 lines, £81 stake), but more moderate spreads like 2-2-2-2 (16 lines, £16) are common.

Spread Advantages:

• Increases probability of all four horses placing
• More forgiving if one selection underperforms
• Covers more possible outcomes

Spread Disadvantages:

• Higher stake required
• Smaller payout per winning line (more likely to have other winners)
• Risk of over-staking and chasing losses

When to Use Each Strategy:

Handicap Racing and Field Size Advantages

Savvy Quadpot punters actively seek meetings where all four Quadpot races are handicaps with large field sizes. Here's why:

Field Size Advantage:
A handicap with 20 runners offers 4 place positions (top 4 finishers). This means your selected horse only needs to finish in the top 4 — a 20% probability based on field size alone. Conversely, a race with 6 runners offers only 2 place positions (top 2), requiring your horse to finish in the top 33%.

Handicap Advantage:
Handicap races, by definition, attempt to level the playing field by assigning weight penalties to better horses and weight advantages to weaker horses. This creates more competitive racing and more unpredictable outcomes. Paradoxically, this unpredictability benefits Quadpot punters because it means more horses have a genuine chance of placing, and bookmakers' odds are less reliable guides.

Strategic Application:
If you're planning to place a Quadpot, check the race card in advance. A Saturday meeting with four handicaps (each with 18+ runners) is ideal. A Tuesday meeting with four non-handicap races (6–8 runners each) is less appealing. The difference in probability is substantial.

Example Comparison:

Wait — this seems counterintuitive. With larger fields, your probability of all four placing is actually lower because you're selecting from a larger pool. However, with larger fields, you can select more horses (spreads) without dramatically increasing your stake, and the increased places paid means your selections have more realistic chances. The real advantage is in permutation strategy: on a large-field day, a 2-2-2-2 permutation (16 lines) is much more likely to succeed than on a small-field day.

Timing and Late-Entry Strategy

One of Quadpot's greatest advantages is its flexibility in timing — you can enter the betting up until race 3 begins, making it ideal for late arrivals and for strategic re-entry after Placepot losses.

Late-Arrival Strategy:
If you arrive at the racecourse after race 1 has started, you've missed the Placepot. However, you can still place a Quadpot. This makes Quadpot an accessible option for punters with unpredictable schedules.

Placepot Consolation Strategy:
Many punters use Quadpot as a deliberate backup. They place a Placepot (covering races 1–6) early in the day. If they lose the Placepot in race 1 or 2, they then place a Quadpot (covering races 3–6) before race 3, effectively giving themselves a "second chance" at pool betting that day.

Form-Evaluation Strategy:
By waiting until before race 3 to place your Quadpot, you've had the opportunity to observe races 1 and 2. You can assess track conditions, jockey performance, and horse behaviour in real time. This additional information can inform your Quadpot selections, making them more informed than Placepot selections placed before the meeting even started.

What Are Common Mistakes Punters Make with Quadpots?

Misunderstanding Place Requirements

The most frequent error among Quadpot newcomers is confusion about what "place" means. Many punters incorrectly believe their horse must win the race.

The Misconception:
"I need my horse to win all four races to win the Quadpot."

The Reality:
Your horse only needs to place (finish in the designated place positions). In most races, this means finishing in the top 2, 3, or 4.

This misunderstanding leads punters to select only short-priced favourites (horses likely to win), which dramatically reduces their chances of success. If you're only backing horses at 2/1 or shorter, you're unnecessarily limiting your selection pool.

The Correction:
Expand your selections to include horses that are likely to place but not necessarily win. A horse at 5/1 or 6/1 might have a 15–20% chance of placing, even if it has only a 5% chance of winning. This expanded thinking dramatically improves your Quadpot success rate.

Ignoring Field Size Impact

Many casual Quadpot punters place bets without checking the number of runners in each race or how many place positions are being paid. This is a critical oversight.

The Error:
Placing the same selections on a day when one race has 6 runners (2 places paid) and another day when all races have 18+ runners (4 places paid), without adjusting your strategy.

The Impact:
On the small-field day, your selections are much less likely to place. Your permutation might need to be more aggressive (more horses per race) to compensate. On the large-field day, a simple 1-1-1-1 or 2-2-2-2 permutation is much more viable.

The Solution:
Always check the race card before placing your Quadpot. Identify field sizes and places paid. Adjust your permutation structure accordingly. On small-field days, use spreads. On large-field days, bankers are more viable.

Over-Complicating Permutations

A common pitfall is staking too much through overly complex permutations that create a false sense of security.

The Error:
Selecting 3 or 4 horses in each of the four races, creating a 3-3-3-3 permutation (81 lines at £81 stake). The punter believes this gives them excellent coverage, but the stake is now substantial, and the payout (if they win) is likely to be modest because many other punters will also have won.

The Psychology:
The punter feels they've "covered all bases" and should definitely win. When they don't (because one horse fails to place), they feel cheated and are tempted to stake even more on the next day to "recover" losses.

The Reality:
A 2-2-2-2 permutation (16 lines, £16 stake) often offers better expected value than a 3-3-3-3 permutation. The smaller stake means a higher percentage return if you win, and you're not significantly more likely to lose with fewer selections if you've chosen your horses carefully.

The Solution:
Adopt a disciplined approach. Decide on your maximum stake (e.g., £20) and structure your permutation to fit that stake, not the reverse. A £20 stake might be a 2-2-2-3 permutation (24 lines) — balanced and manageable.

Chasing Losses

Pool betting, like all gambling, involves variance. Some days you'll win; most days you won't. A critical error is escalating your stake after losses in an attempt to "recover" money quickly.

The Pattern:
Day 1: You lose a £10 Quadpot stake.
Day 2: You place a £20 Quadpot to "make back" the £10 loss.
Day 3: You lose again and place a £40 Quadpot.
Day 4: You've now lost £70 total, and you're staking £80 on a single Quadpot.

This is a losing strategy. The odds of winning a Quadpot don't improve because you've lost previously. Each day's Quadpot is independent. By escalating stakes, you're simply increasing the size of your losses.

The Solution:
Establish a fixed staking plan and stick to it regardless of recent results. If your plan is to stake £10 per day on Quadpots, do that consistently. Don't increase stakes after losses or decrease them after wins. Over time, disciplined staking leads to better financial outcomes than emotional, reactive staking.

What Is the Tax and Deduction Impact on Quadpot Winnings?

How the Tote Takes Its Cut

Every Quadpot pool is subject to a deduction taken by the Tote before winnings are distributed to punters. This deduction covers operational costs, taxes, and the Tote's profit margin.

Standard Deduction Rate:
The Tote's standard deduction is approximately 14% of the total pool, though this can vary slightly depending on the specific meeting or promotion. So if the total pool is £10,000, the Tote deducts £1,400, leaving £8,600 to be distributed among winners.

Comparison to Fixed-Odds Betting:
With a traditional bookmaker offering fixed odds, the bookmaker's profit margin is built into the odds themselves (e.g., a 2/1 shot might have a true probability of 30%, but bookmakers offer 2/1 to ensure their margin). With pool betting, the deduction is explicit and transparent — you see exactly how much the Tote is taking.

Pool Betting Advantage:
Because pool betting pools money from all punters and distributes it equally among winners, the Tote's deduction is typically lower than a bookmaker's built-in margin on equivalent bets. For large pools with many winners, this can result in better value than fixed-odds betting. For small pools with few winners, the opposite may be true.

UK Tax on Gambling Winnings

A significant advantage of Quadpot betting (and pool betting generally) in the UK is the tax treatment of winnings.

Punter Tax Status:
In the UK, gambling winnings are generally not subject to income tax for punters. If you win £500 on a Quadpot, you don't owe income tax on that £500. This differs from many other countries where gambling winnings are taxed.

Why the Difference?
The Tote (and bookmakers) are licensed operators and pay taxes on their profits. The tax is collected at the operator level, not the punter level. This is distinct from professional gambling, where income tax would apply, but for casual punters placing bets, winnings are tax-free.

Important Distinction:
This tax-free status applies to betting winnings, not to income derived from betting (e.g., if you were a professional gambler, your income would be taxed). For the vast majority of punters, Quadpot winnings are tax-free.

Practical Implication:
If you win a £300 payout on a Quadpot, you receive the full £300. There are no tax forms to file or additional taxes to pay. This is one reason why pool betting remains popular in the UK.

Frequently Asked Questions About Quadpots

Q: Can I place a Quadpot online?

A: Yes. The Tote operates an online platform where you can place Quadpot bets from your computer or mobile device. You can place bets up until race 3 begins, just as you would at a physical racecourse. Online betting has made Quadpots more accessible to punters who don't attend racecourses in person.

Q: What's the maximum stake on a Quadpot?

A: There is no published maximum stake. However, extremely large stakes (e.g., £1,000+ permutations) may be subject to approval by the Tote, particularly if they're placed shortly before race 3 begins. For typical punters, stakes of £10–£100 are placed without issue.

Q: Can a Quadpot be placed as an each-way bet?

A: No. Quadpot is inherently a place bet — you're selecting horses to place in four races. There is no "win" component to a Quadpot. Each-way betting (combining win and place bets) doesn't apply to pool betting like Quadpot.

Q: What happens if a race is abandoned or cancelled?

A: If any of races 3–6 is abandoned or cancelled, the Quadpot is typically void, and stakes are returned to punters. The Tote may offer alternative arrangements (e.g., using a substitute race), but this is rare. Always check the Tote's terms for the specific meeting.

Q: How often are Quadpots available?

A: Quadpots are available at virtually all UK and Irish racecourse meetings. This includes flat racing, National Hunt (jumps), and all-weather racing. Quadpots are offered daily at most racecourses, typically from 9 AM onwards.

Q: Are Quadpots available on international racing?

A: Quadpots are primarily a UK and Irish betting product. Some international racing (e.g., major European or Australian meetings) may offer Quadpot betting through the Tote, but availability is limited. For domestic UK and Irish racing, Quadpots are universally available.

Q: What's the difference between a Quadpot and a Tote Exacta or Trifecta?

A: Exacta and Trifecta bets are single-race bets where you predict the exact finishing order of two (Exacta) or three (Trifecta) horses. Quadpot is a multi-race pool bet spanning four races. They're fundamentally different betting types serving different purposes.

Q: Can I place a Quadpot bet on races other than 3–6?

A: No. The Quadpot is specifically defined as races 3–6. The Tote offers other pool bets covering different race combinations (e.g., Placepot for races 1–6, Pick4 for four consecutive races), but Quadpot is always races 3–6.

Q: How do I improve my Quadpot winning rate?

A: Focus on field size and places paid. Seek meetings with large fields and handicaps. Study form carefully, particularly for place odds. Use permutations strategically — don't over-select. Avoid chasing losses. Treat Quadpot as entertainment with an expected loss, not as a money-making venture. Discipline and patience are more valuable than aggressive staking.

Summary

A Quadpot is a Tote pool bet requiring placed selections in races 3, 4, 5, and 6 of a horse racing meeting. It offers more accessible odds than the Placepot (which spans six races) whilst maintaining the shared-pool structure of traditional Tote betting. The minimum stake is £1, but permutations allow you to select multiple horses per race, increasing your chances of success at the cost of a higher stake.

Success in Quadpot betting depends on understanding place requirements, field sizes, and permutation mathematics. It also requires discipline — avoiding over-staking, chasing losses, and making emotional decisions. For punters seeking a more achievable pool betting experience than Placepot, with the flexibility to enter late in the day, Quadpot represents an excellent middle ground between accessibility and excitement.

Whether you're a seasoned racing punter or exploring pool betting for the first time, the Quadpot offers a structured, transparent, and entertaining way to engage with horse racing betting.

Related Terms

• Tote Placepot
• Tote
• Pari-mutuel
• Pool Betting
• Place Bet
• Permutation