Tote Ireland
Tote Ireland Limited is a wholly owned subsidiary of Horse Racing Ireland, with responsibility for the operation of a Totalisator on the 25 racecourses in the Republic of Ireland. Tote Ireland is at the heart of Irish Horseracing, providing a wide variety of betting options for all race goers. All profits made by Tote Ireland are used for the improvement of Irish Horseracing. 'Tote' is short for Totalisator and Tote Betting is similar to the Irish lottery. It works like this: all the stakes on a race are pooled; a deduction is made to cover costs and our contribution to racing. The remainder of the pool is divided by the number of winning units to give a dividend, which is inclusive of a 1 stake.
In other words, Tote customers bet into a common pool, betting against one another, whereas in bookmaking, they bet against the bookmaker. Tote odds may fluctuate according to the pattern of betting and the amount of money staked on each horse. Betting ceases at the "off" of each race.
Read more about Tote Ireland: History, Tote Pools, Tote Records
Famous quotes containing the words tote and/or ireland:
“The head must bow, and the back will have to bend,
Wherever the darkey may go;
A few more days, and the trouble all will end,
In the field where the sugar-canes grow.
A few more days for to tote the weary load,—
No matter, ‘t will never be light;
A few more days till we totter on the road:—
Then my old Kentucky home, good-night!”
—Stephen Collins Foster (1826–1884)
“They call them the haunted shores, these stretches of Devonshire and Cornwall and Ireland which rear up against the westward ocean. Mists gather here, and sea fog, and eerie stories. That’s not because there are more ghosts here than in other places, mind you. It’s just that people who live hereabouts are strangely aware of them.”
—Dodie Smith, and Lewis Allen. Roderick Fitzgerald (Ray Milland)