Tote to increase win pool deductions

By
Updated: October 9, 2012
BARZA

The Tote are set to increase their deductions from win pool bets from 13.5% to 16.5% from October 22nd.

They said the increase had been made to improve UK pool liquidity and competitiveness and to make UK pools more attractive to international participation as co-mingling had been limited by an imbalance in deduction rates.

It will be the first change of the win pool deduction rate since former chairman Peter Jones reduced it from 16% in March 2003.

“These rate changes will enable Totepool to establish a further bridgehead in international pool co-mingling, offering the UK punter better and bigger pools,” said Totepool managing director Phil Siers.

“This is an exciting development for Totepool and its racecourse partners, and we look forward to greater pool success going forward.”

Following Fred Done’s takeover of the Tote last year his Betfred bookmakers have complete exclusivity to offer pool betting for the next seven years.

The deductions from the exacta and trifecta pools have been reduced from 26 per cent to 25 percent.

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