India's first & foremost horse racing portal
Topic Details
Back to listsDrastically Decreased Betting At Totes
By Rkshmed | 30-Jan-2020In Recent years, Indian Horse racing has seen a lot of changes in view of Competitors, bettings by punters, and most importantly Tote Returns on winnings...
Really, Bettings at Tote have come down rapidly nd drastically at race clubs and the Traffic before Bookies increased heavily.... Punters who were betting in thousands some years ago have shifted to bookies and are now playing only hundreds ...that too for Shp...
Though Fixed odds Totes were introduced at Hrc, I don't see much change in the amount played there...
The Reasons seen to be the following
1) Availability of On course(Live) and Offcourse(Nonlive) Bookies.....Nowadays there are several sincere Bookies who created Whats app groups for regular punters , offering good odds , much better than Regular bookies and giving immediate payouts in return after each race......No need to be at Race course on time in hurry!!
Also Phonebooking available to some regular Punters.
2) Disastrous pay outs at Totes...due to Gst involvement as we know....We may sometimes be paid 8 Rs for win and 12 Rs for place for the same horse.
3)Less number of Runners in a race causing low pay outs at Totes, whereas minimum amount is guaranteed for win or even place sometimes even for favourite.
4)Introduction of online money transfers like UPI Bheem/Phonepe/Gpay/Netbanking and others in use.....has changed thought of 'Cash only' betting at Totes....All above means are accepted by off course bookies...even on the spot payment also there....Depending on the necessity, one can redeposit or withdraw amount..
Regards.
Rkshmed