How do betting pools work

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Tweets by ColossusBets. Colossus are delighted to announce our latest innovative football pool, the Match Predictor. Connect with us. Insights Pools betting: What is it and how do I do it? What are pools, legs, lines and units? Differences between pools betting and fixed odds betting Many of the market types such a 1X2, Correct Score and Both Teams to Score are the same in both pools betting and fixed odds.

How should you approach a pool? Keep this in mind when considering your play budget. For these boxed picks, whichever team wins will result in a correct outcome on your ticket. You must accurately predict the winning team on your remaining non-boxed picks to win. Then, make sure you watch the games and cheer on your favourite teams! If you get the most picks right among all of the players wagering on this Card, you win or share a portion of the prize pool with any other winners.

The cash pool will grow depending on the number of people who play, and the size of their wagers. Scan your ticket barcode using the ticket checker at a participating OLG retailer 2. Ask a participating retailer to scan your ticket barcode using the lottery terminal 3. Scan your ticket barcode using the OLG App. That means that the more people who play, the bigger the prize pool. If you get the most picks right among all of the players wagering on this Card, you win or share a portion of the prize pool with the other winners.

You can claim your prize, up to a certain amount of money, at your local OLG retailer. Prizes over the amounts redeemable at individual retailers must be collected at the OLG Prize Centre.

Sometimes, these can be found among their betting bonus codes and promo campaigns. Often, however, these have a separate dedicated section on the site you can access through the main menu.

Accommodating betting sites like Totepool offer variations such as the quadpot. This is popular in horse race betting UK and occurs at every British meet. It involves selecting a horse to place in the third to sixth races of that day. Winners come from this pool. The place pot strategy works identically to the quadpot. The only difference is that you must select from all of the first six races i. A jackpot is also another widespread occurrence in pool betting. You must predict a winner for six races at a meet.

You must predict a winner for each race, as required. Any prize money rolls over in the case of no winners being identified or correctly predicting the races.

As you can imagine, jackpot pool betting can be quite tricky. The rollover, in turn, creates enormous jackpots every time money is carried over. You stand to win a huge prize for a small initial fee. The same principle applies to the fixed fee punters pay to play.

The more people who backed the horse, the less you will win. If very few people back your selection, the winning dividend will be higher. There are a variety of different Tote pools you can bet into.

These are single leg pools where you bet on a horse you fancy in one race, much the same as you would with a high street or on-course bookmaker. A Tote bet works by placing all of the money for a certain bet type into a pool. The people who successfully negotiate all six races will win a share of the pool. With fixed odds betting at your local, on-course or high street bookmakers, you will be offered a fixed price for your chosen horse. With Tote betting, your stake money enters a pool with all of the other bets placed on the race.

If you back a popular horse, the dividend will be lower and if you back an unpopular horse that happens to win, you can get paid out to some big dividends as less people in the pool will have backed it. Tote odds are calculated by dividing the total pool by the number of winning tickets in the pool. There are a wide range of Tote bets for you to try, from single race wagers to multi-leg and exotic pools where you can win big for small stakes.

Here are the different types of Tote bet to look out for on-course and your new Tote website:. Tote Win and Place pools are our most straightforward bets, where you can bet on a horse to Win or Place in a race. The Tote Exacta requires you to find the first two horses to finish in a race.