Pool Betting – What It Is and How It Works

Peter Addison

Senior Betting Writer

Fact Checked by

Ian Bruce

Updated: 3 July 2024

Pool betting is an alternative to fixed odds, exchange or spread betting where all stakes on an event are pooled, a commission subtracted, and the remainder divided among the winning bettors. This page will dive deep into pool betting and explain where you can pool bet online.

Table of contents

• Best Pool Betting Sites in the UK
• How Does Pool Betting Work?
• The Tote – the Ultimate Destination for Pool Betting
• Pool Betting with the Tote

  • Win
  • Place
  • Exacta
  • Quinella
  • Swinger
  • Trifecta
  • Placepot
  • Quadpot
  • Jackpot
  • Scoop6
  • Colossus
• Football Pools Betting
• Pools Betting Tips and Strategies

  • Don’t Trust to Luck
  • Swim Against the Stream
  • Double up at a Bookies
• Where Can I Bet on the Tote Online?
• Conclusion
• FAQs

  • How does pool betting work?
  • What are examples of pool betting?
  • How do you win a pool bet?
  • What is Tote pools betting?
  • How does a placepot work?
  • Which bookmakers offer Pool betting?

Best Pool Betting Sites in the UK

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Bet £5, Get £20 in Free Bets

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New customers online only. Place your first bet on racing pools for a minimum of £5 and win or lose you will receive £20 Tote Credit. £20 Tote Credit rewarded as £10 redeemable against racing bets only and £10 redeemable against UK and Irish placepot bets only. Tote Credit cannot be withdrawn, exchanged, or substituted and expires after 7 days. Qualifying bet is the first racing pool bet added to the bet-slip. Ten to Follow, virtual and football bets do not qualify. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. UK & ROI customers only. 18+.  Full T&Cs apply. BeGambleaware.orgFull T&Cs apply.

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Registration required. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.

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How Does Pool Betting Work?

The concept of pool betting is very simple. If you’ve ever entered a sweepstake where the winner takes all, then you’ve already made a pooled bet! All the entry fees were gathered (pooled), the names were drawn, and the winner was awarded the pot. Pool betting at the leading UK betting sites or companies works in exactly the same manner.

Pool betting for horse racing has been around since 1928, when the Chancellor of the Exchequer at the time, Winston Churchill (you may have heard of him), decided he wanted a way for people to safely ‘bet’ on horses as opposed to using what were then illegal bookmakers. A proportion of the money generated via pool betting would also go towards the sport of horse racing itself. This led to the establishment of ‘The Tote’.

You could pool bet on the Tote at horse racing courses all over the UK. All bets for a particular race were pooled up, tax and a commission subtracted, and whatever remained was redistributed among those (by and large) who had backed the winning horse. The Tote also began opening betting shops and via Tote Direct (set up in 1992), which allowed bets to be placed on Tote pool betting at high street bookmakers. Although no Tote betting shops remain today, you can still bet on the Tote at UK betting shops and online via desktop sites or a pool betting app.

With Tote pool betting, the winning pool is split into dividends. Say the pot (once the commission is removed) is £100, and the three winners bet £7, £2 and £1. The pot would then be shared as £70, £20 and £10, with each dividend being £10 per £1 bet.

The Tote – the Ultimate Destination for Pool Betting

As we have established, the Tote has been around since 1928, but was originally at racecourses only. It eventually appeared in its own betting shops, and then the betting shops of other brands. Like most things in the 2020s, the Tote has now moved online too. You can place all the usual Tote bets, and as a bonus, you can see the size of each pool so you know your likely share should you be a winner. You also get a great deal of choice, as the Placepot is always available at a number of meetings (usually five or six, in the UK and Ireland).

If you are a regular Tote bettor you can also join the ‘Tote Tournaments’ series where you can compete with other Tote users for a top place on the leaderboard. The leaders then qualify for the World Pool series Finale where a top prize of £10,000 is up for grabs!

There is much more to the Tote than horse racing pool betting though. The Tote betting site gives you access to ‘Colossus’ which is a company that’s separate from the Tote. Here you can play pool-style football games, either betting on your own or via a syndicate. You can also create your own syndicate if you wish.

In March 2024 the Tote added another dimension – fixed odds sports betting. This was a fully-fledged sport book with access to all the sports you would normally find at a sports betting site aside from one – horse racing! Naturally, the Tote wants you to use pool betting for horse racing, which is why horse racing is not available for fixed odds betting here.

Pool Betting with the Tote

There are now plenty of ways in which you can bet on the Tote beyond simply selecting the correct winning horse. Here we will go through the most popular bets that are placed daily throughout the UK.

Football Pools Betting

Before being eclipsed by the National Lottery, football pools gambling was the main source of ‘get rich quick’ dreams of ordinary UK folk. Companies such as Littlewoods, Vernons and Zetters would run football pools, allowing people to fill in coupons in which they predicated which eight English or Scottish football league games would end in an all-score drawn.

Players would be awarded points (3 for a score draw, 2 for a no-score draw, 1.5 for an away win and 1 for a home win) and could enter in various ways, with all monies collected then shared (once the administration fee and tax had been deducted) between the entrants who scored the most from their eight highest point scoring games. The dream was to score the maximum 24 points which would likely mean the winning player would share the pot with no one else. Such was the interest in pools betting that the big winners became famous, such as Irene Powell who won £882,000 in 1979 (worth £6 million today).

The football pools still exist today but not in the classic sense, and interest in them is minimal.

Where Can I Bet on the Tote Online?

The main method of betting on the Tote online is to bet at the Tote site itself. You can click the link below. This will allow you access to all of the Tote’s betting options, such as the popular Placepot, plus the Quadpot, Swinger and Colossus too. The Tote functions as a fully-formed sports betting site as well, so you can mix up your pool betting with fixed odds betting too.

As we have explained earlier, you can bet on the Tote online at other top sports betting sites in the UK, via Tote Direct. This is an extension of the betting shop Tote Direct service, which allows you to place Tote bets at some UK betting shops. Online, you can also bet on the Tote at bet365, Betfred and Betfair.

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New customers online only. Place your first bet on racing pools for a minimum of £5 and win or lose you will receive £20 Tote Credit. £20 Tote Credit rewarded as £10 redeemable against racing bets only and £10 redeemable against UK and Irish placepot bets only. Tote Credit cannot be withdrawn, exchanged, or substituted and expires after 7 days. Qualifying bet is the first racing pool bet added to the bet-slip. Ten to Follow, virtual and football bets do not qualify. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. UK & ROI customers only. 18+.  Full T&Cs apply. BeGambleaware.orgFull T&Cs apply.

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New customers online only. Place your first bet on racing pools for a minimum of £5 and win or lose you will receive £20 Tote Credit. £20 Tote Credit rewarded as £10 redeemable against racing bets only and £10 redeemable against UK and Irish placepot bets only. Tote Credit cannot be withdrawn, exchanged, or substituted and expires after 7 days. Qualifying bet is the first racing pool bet added to the bet-slip. Ten to Follow, virtual and football bets do not qualify. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. UK & ROI customers only. 18+.  Full T&Cs apply. BeGambleaware.org Full T&Cs apply.

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• 
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Website:Tote

Owner:TDCO Limited

Founded:1928

Headquarters:London, UK

Conclusion

Pool betting is an alternative to fixed odds betting, spread betting or exchange betting that you should definitely consider. If you can get in among the winners and the winners are scarce in number, then you could find yourself the sole winner of a nicely chunky pot. We hope you will at least explore the options that Pool betting offers.

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Peter Addison

Senior Betting Writer

Peter is one of the most well-known and well-respected names working in the field of online sports betting today. Having a Bachelor of Arts degree, Peter has worked for many high-profile publications in the industry, both online and in the real world. He joined the SafestBettingSites team in 2021 and has provided millions of words ever since. When not writing, Peter enjoys performing and writing music, gaming, reading and he is a massive movie buff, with a particular love of Japanese cinema and anime.

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