- 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 theRepublic of Ireland . Tote Ireland is at the heart of IrishHorseracing , 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.
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 atPunchestown , The Curragh, Galway andTramore , the Tote had sold million tickets at 87 race meeting amassing 100,000IR punts.
*In 1932 Tote Account was established, accepting bets by telegram. Also that year Tote attracted investors to the company and seven years later in 1939 slot machines were introduced, operating a single machine for each horse. By their end in 1965 they had sold 60 million tickets.
*1945 saw the forming of the Racing Board and in 1966 the Tote Jackpot Bet was introduced.
*In 1987 computerised terminals were introduced and the IHA (Irish Horseracing Authority) was formed in 1994.
*In 1999 the Tote launched their self service Touch Tote Terminals and only a year later in 2000 they took an amazing 1 million IR punts turnover for a single days racing, at the Galway festival onAugust 3 1999 . This record was broken atGalway in 2003 and once again in 2005, surpassing all previous records with a single race days take reaching 1,914,558.05
*In 2001 Tote commenced co-mingling into UK Tote pools and in 2004 table service betting was introduced. Online wagering was introduced on theDecember 14 2005 .Tote Records
*Largest single Jackpot winner = €207k Leopardstown 20/11/1988
*Best Winning Odds: 1177/1 Naas 30/11/1988
*Best Exacta Odds: 8,107/1 Galway 01/08/2001
*Largest take single race: €437,686.15 Galway 29/07/2004
*Largest take single race day: €1,914,558.05 Galway 28/07/2005External links
* [http://www.tote.ie Tote Ireland]
* [http://www.tote.ie/ti_iframe.jsp?link=bet_guide_link Bet Guide]
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