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Tote Betting
The Tote is a British gambling company which is the largest pool betting operator in the United Kingdom. Headquartered in Wigan, England, its main products are sports betting and online casino. Founded in 1928, the company was owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was later sold to UK Tote Group in October 2019 for £115m. The Tote has retail outlets on most of Great Britain's 60 racecourses, as well as an online division. Under the brand totesport, the Tote previously owned 514 high street betting shops. These were rebranded to Betfred as part of the sale in 2011. Terminology As other bookmakers can offer similar gambling services it is necessary to disambiguate the bets. A bookmaker win-only bet (on-the-nose) isn't the same as a Tote Win bet, as the bookmaker is offering fixed odds for that particular outcome, while the Tote is a dividend paid out from the betting pool. The betting pool is generated from individuals placing m ...
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Wigan
Wigan ( ) is a large town in Greater Manchester, England, on the River Douglas, Lancashire, River Douglas. The town is midway between the two cities of Manchester, to the south-east, and Liverpool, to the south-west. Bolton lies to the north-east and Warrington to the south. It is the largest settlement in the Metropolitan Borough of Wigan and is its administrative centre. The town has a population of 107,732 and the wider borough of 330,713. Wigan was formerly within the Historic counties of England, historic county of Lancashire. Wigan was in the territory of the Brigantes, an ancient Celtic tribe that ruled much of what is now northern England. The Brigantes were subjugated in the Roman conquest of Britain and the Roman settlement of ''Coccium'' was established where Wigan lies. Wigan was incorporated as a Borough status in the United Kingdom, borough in 1246, following the issue of a charter by Henry III of England, King Henry III of England. At the end of the Middle ...
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Racing Post
''Racing Post'' is a British daily horse racing, greyhound racing and sports betting publisher which is published in print and digital formats. It is printed in tabloid format from Monday to Sunday. , it has an average daily circulation of 60,629 copies. History Launched on 15 April 1987, the ''Racing Post'' is a daily national print and digital publisher specializing British horseracing industry and horse racing, greyhound racing and sports betting. The paper was founded by UAE (United Arab Emirates) Prime Minister and Sheikh of Dubai Sheikh Mohammed bin Rashid Al Maktoum, a racehorse owner, and edited by Graham Rock, who was replaced by Michael Harris in 1988. In 1998, Sheikh Mohammed sold the license for the paper to Trinity Mirror, owners of '' The Sporting Life'', for £1; Sheikh Mohammed still retains ownership of the paper's name, and Trinity Mirror donated £10 million to four horseracing charities as a condition of the transfer. In 2007, Trinity Mirror sold ...
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Sports Betting Systems
Sports betting systems are sets of events that when combined for a particular game for a particular sport represent a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. Systems supposedly allow the gambler to have an edge or an advantage. Sportsbooks use systems in their analysis to set more accurate odds. Therefore, the novice gambler may believe that using a system will always work, but it is the general consensus that at some point the oddsmakers will have adjusted for the system to make it no longer profitable. Very short-lived systems are called trends. Any single event that estimates a selection to have a higher likelihood of winning is called an angle as they are meant to be used in conjunction with other angles and trends to produce systems. Overview Systems can be deceiving. Any sample space can be constrained enough with meaningless criteria to create the illusion of a profitable betting syste ...
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Arbitrage Betting
Betting arbitrage ("sure bets", sports arbitrage) is an example of arbitrage arising on betting markets due to either bookmakers' differing opinions on event outcomes or errors. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome. Mathematically, arbitrage occurs when there are a set of odds, which represent all mutually exclusive outcomes that cover all state space possibilities (i.e. all outcomes) of an event, whose implied probabilities add up to less than 1. In the bettors' slang an arbitrage is often referred to as an arb; people who take advantage of these arbitrage opportunities are called arbers. Background Arbitrage betting involves relatively large sums of money, given that 98% of arbitrage opportunities return less than 1.2%. The practice is usually detected quickly by bookmakers, who typically hold an unfavorable view of it, and in the past this could result in half of an a ...
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Tote Ireland
Tote Ireland is an Ireland, Irish gambling company headquartered in The Curragh, County Kildare which is the largest parimutuel betting, pool betting operator in Ireland. Its main product is sports betting. Founded in 1932, it has responsibility for the operation of Tote retail outlets across all 26 racecourses in Ireland. Since 1945, it has been owned by Horse Racing Ireland, formerly known as the Racing Board. In April 2020, Tote Ireland entered into a seven-year strategic partnership with British gambling company, The Tote. History *In 1929 the Totalisator Act was passed for mechanical pool betting in Ireland, with the Totalisator borrowing 20,000IR punts from sponsored races. Its first meeting in Fairyhouse on the April 21, 1930, offered win and place betting from 35 windows and had a Tote turnover of 5,035IR punts. By the end of 1930, with its best meetings at Punchestown, Curragh Racecourse, The Curragh, Galway Races, Galway and Tramore, the Tote had sold million tickets at 8 ...
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Terrestrial Television
Terrestrial television or over-the-air television (OTA) is a type of television broadcasting in which the signal transmission occurs via radio waves from the terrestrial (Earth-based) transmitter of a TV station to a TV receiver having an antenna. The term ''terrestrial'' is more common in Europe and Latin America, while in Canada and the United States it is called ''over-the-air'' or simply ''broadcast''. This type of TV broadcast is distinguished from newer technologies, such as satellite television (direct broadcast satellite or DBS television), in which the signal is transmitted to the receiver from an overhead satellite; cable television, in which the signal is carried to the receiver through a cable; and Internet Protocol television, in which the signal is received over an Internet stream or on a network utilizing the Internet Protocol. Terrestrial television stations broadcast on television channels with frequencies between about 52 and 600 MHz in the VHF and U ...
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The Tote
The Tote is a British gambling company which is the largest pool betting operator in the United Kingdom. Headquartered in Wigan, England, its main products are sports betting and online casino. Founded in 1928, the company was owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was later sold to UK Tote Group in October 2019 for £115m. The Tote has retail outlets on most of the UK's 60 racecourses, as well as an online division. Under the brand totesport, the Tote previously owned 514 high street betting shops. These were rebranded to Betfred as part of the sale in 2011. History The Racehorse Betting Control Board was created by the Racecourse Betting Act 1928, as a statutory corporation. It was set up by Winston Churchill as a government-appointed board, with the intention of providing a safe, state-controlled alternative to illegal off course bookmakers and ensuring that some gambling revenues were put back into the sport of horse raci ...
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Jockey Club
The Jockey Club is the largest commercial horse racing organisation in the United Kingdom. It owns 15 of Britain's famous racecourses, including Aintree, Cheltenham, Epsom Downs and both the Rowley Mile and July Course in Newmarket, amongst other horse racing assets such as the National Stud, and the property and land management company, Jockey Club Estates. The registered charity Racing Welfare is also a company limited by guarantee with the Jockey Club being the sole member. As it is governed by Royal Charter, all profits it makes are reinvested back into the sport. Formerly the regulator for the sport, the Jockey Club's responsibilities were transferred to the Horseracing Regulatory Authority (now the British Horseracing Authority) in 2006. History The Jockey Club has long been thought to have been founded in 1750 – a year recognised by the club itself in its own records. Some claim it was created earlier, in the 1720s, while others suggest it may have existed in ...
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Betting Pool
A betting pool, syndicate, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by Lottery, lotteries, where gamblers pay a fixed price into a ''pool'' (from which taxes and a house Vigorish, "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. (True parimutuel betting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.) Betting pools are not connected only to sports, as there are topics such as deaths and births which people can bet on. Death pools usually involve well-known individuals, such as celebrities and sports figures, which the p ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Racecourse
A race track (racetrack, racing track or racing circuit) is a facility built for racing of vehicles, athletes, or animals (e.g. horse racing or greyhound racing). A race track also may feature grandstands or concourses. Race tracks are also used in the study of animal locomotion. A ''racetrack'' is a permanent facility or building. ''Racecourse'' is an alternate term for a horse racing track, found in countries such as the United Kingdom, India, Australia, Hong Kong, and the United Arab Emirates. Race tracks built for bicycles are known as ''velodromes''. ''Circuit'' is a common alternate term for race track, given the circuit configuration of most race tracks, allowing races to occur over several laps. Some race tracks may also be known as ''speedways'', or ''raceways''. A ''race course'', as opposed to a ''racecourse'', is a nonpermanent track for sports, particularly road running, water sports, road racing, or rallying. Many sports usually held on race tracks also can occur ...
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England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ...
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