Tote betting


Please help improve this article by adding citations to reliable sources. Chiu has more than 20 years of working experience in the financial services industry and extensive knowledge of wealth management products. Over the years Keith has accumulated extensive management experience in corporate treasury, investor relations, financial risk management, institutional asset management, pension and retail mutual fund businesses in Greater China and Asia.

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She had been the relationship manager for diversified global asset managers and FI. Jia was in charge of planning and marketing of Chinese insurance companies and private equities regarding domestic custody business. Prior to his current role, Mr. Lu has extensive experience and expertise in asset management area.

Lu has been practicing in retails funds area since She acted as the legal counsel for the leading Chinese and global banks, insurance companies, securities firms and trust companies to set up the fund management companies in China to engage in retails fund management business. She acted as the legal advisor for a few hundred of funds for its launching and management, among which the most innovative fund products are included. Lu is often invited to provide legislative advices for the Chinese regulators and industry associations in China and Hong Kong.

Pan has more than 20 years of industry experience in asset management and financial services, with a proven track record in sales and relationship management across the key Greater China markets. He joins Invesco from J. Pan began his career in at J.

Morgan Asset Management and held a number of roles across different functions, including client advisory services, investment communications and marketing. In , he joined 2cube Securities as Vice President, Sales and played a key part in launching one of the first online trading portals in Hong Kong.

He is also a holder of the CFA designation. Leigh has worked as a professional journalist for 20 years. He relocated to Hong Kong in where he has worked for the South China Morning Post three years , Agence-France Press news wire one year and capital markets magazine Asiamoney four years.

He joined AsianInvestor as managing editor of its website in September At the start of Leigh was promoted to AsianInvestor editor. He married a fellow British journalist turned teacher and together they live on an outlying Island with their two young sons. He and his team rate Asian credits and produce credit research across various industries. In his previous publishing role, he was ranked 4th best Asian fixed income analyst by FinanceAsia's investors' survey.

His credit research career spans over 21 years in the US, Hong Kong, Singapore, and Thailand and entails various capabilities from project finance, leverage finance, credit risk management, sell-side credit research, buy-side credit research, and rating advisory. His experience also spans different geographical specializations North America, Europe, and Asia and various industries of both financial institutions and corporates.

He established East Money Information Co. East Money is a leading integrated operator of the internet financial information platform. Its website is the most influential financial information platform in China, with the most access amount and page view, and the most user stickiness. And its Tian Tian Fund fund. East Money was one of the first four companies which got the authorization of third party fund sales license from China Securities Regulatory Commission in Feb.

He is responsible for managing the Asian investment team based in Hong Kong. The former won the Best Eastern trust award in Wilfred received his B.

He is fluent in English, Cantonese and Mandarin. Joined the company in with more than 20 years of industry experience. From to , Taylor was with Capel-Cure Myers as a portfolio manager for international equity.

Taylor has an award-winning, strong track record of achieving consistently good performance and of creating cutting-edge emerging markets investment products. Tsai has been the chief operating officer of Noah Holdings Limited since January and has been active in the finance industry since Prior to joining, Mr. He is primarily responsible for fund distribution.

He was named Head of Intermediary Business in before taking up the current position in The scheme offers to its members six choice funds and employs more than 20 fund managers. As Executive Director, he oversees the investment and operation activities of the Scheme and reports to the trust board of the Scheme.

Before December , he has spent 15 years of his career in treasury operations. Between and , he was head of bond sales Asia ex-Japan at Midland Montagu.

Before moving onto bond sales, he was the bond trader for Wardley Limited. He graduated with distinction focusing his stream of studies in finance and time series modeling. Ignites Asia, a Financial Times service, is an online source of news, business intelligence and analysis for and about the asset management industry in Asia. She joined the publication in January as a reporter covering Malaysia, Indonesia, Thailand, Vietnam and the Philippines.

He has an overall responsibility for the Company's fixed income investment capabilities and business development. Prior to joining the Company, Mr. The Money Market Fund managed by Mr. He is also a Chartered Financial Analyst. He was also a member of the JMG pension board. Keith began his career in investment banking with HSBC in the areas of capital markets origination, derivatives structuring and project financing. This can be on any horse at any race meeting.

The betting slip can be denoted with the horse's race card number, or the horses name and if at another course, the name of the course , or it can be marked as the 'favourite', where the horse is not nominated but the bet is placed on whichever horse is favourite has the largest amount of money put into the pool at the start of the race.

This will, obviously, have the lowest payout since the pool will be shared with the largest number of winners but the assumption is that if others have bet on it, it must have a good chance of winning. A Tote Place bet is still on one, but the horse may come second, third or even fourth for the bet to win. Not every race qualifies for this type of bet. Bookmakers other than the Tote do not generally offer a place-only bet, but only an each-way bet.

This can be seen as a waste by bettors who believe their selection will finish 2nd or 3rd but will not come 1st; since half the money falls on the "win" it is wasted. With the advent of the exchanges, more and more bookmakers are beginning to offer 'place only' markets in an attempt to rival the exchanges. However, there is not a set in stone way for a punter to calculate the place odds as there is with an each-way bet, and the special place only odds offered by bookmakers can vary quite a bit, both bigger and smaller, from the place odds you would receive if betting each-way.

This is particularly true in "bad each-way" races, where the place odds are much less generous than if you bet each-way. The upside to this however goes back to what was said above; since the punter does not have to "waste" half their stake on the win part of the bet.

The Tote Exacta operates in the same way as a normal bookmaker's straight forecast. As always the Tote price for the forecast is always based on the betting pool dividend. A forecast is to predict the correct order of the horses finishing first and second.

If the bet contains a non-runner the bet becomes void and unnamed favourites are not allowed. Single Exacta straight forecast. Pick in the correct order the horses which will finish first and second. Combination Exacta reverse forecast. Pick in either order the horses which will finish first and second. This bet is actually two bets in one, it is exactly equivalent to two straight forecasts, the first of which you select horse A to beat horse B, and then the second is for horse B to beat horse A.

It's possible to specify more than two horses, at which point the bet becomes more complex, for example with three horses the individual bets are now a-b, a-c, b-a, b-c, c-a, c-b.

Banker Exacta banker forecast. Pick a horse which you think is going to finish first, and then any number of horses to finish second.

For instances, with a banker horse a, and with three additional horses, the bets are a-b, a-c, a-d. Bookmakers that are not Tote-syndicated will offer their own forecast prices based on their own odds that they are quoting. However bookmakers will normally allow you to place a 'Tote forecast' and will pay out whatever the Tote dividend payout was.

Also known as a Trifecta: This is generally really difficult to do and the dividend for getting it right is correspondingly better. The Tote can nominate races containing more than 8 runners as Trifecta races. There are three types of Trifecta, the Single, Combination and Banker and they work the same way as Exacta bets, only with three horses instead of two.

A Quadpot is operated on one race at every meeting in the UK and it takes place on the third to sixth races on the card. The aim is to pick a horse that will be placed in each one of these races, according to the placing rules stated in the Tote Place section above. The minimum bet is 10p. The dividend is declared after the result of the last race is known and thus the betting pool divided by the remaining stakes which are left. One may select the favourite instead of naming a specific horse.

The Placepot is identical to the Quadpot except it operates over the first six races of a race card. All UK race meetings have six races as a minimum, occasionally seven and rarely eight, but the Placepot is always operated on the first six.

This bet is very popular as it has the potential to allow a gambler involvement in the whole of the race card. The minimum bet is 5p. Here is a worked example:. The first race the gambler has opted to choose two horses. Maybe the gambler isn't confident of his abilities or maybe it is a large field and the gambler feels unable to just place one horse.

On race two the gambler has elected to roll with the favourite, whatever it may be. In the final race the gambler has chosen three selections.

This is often driven by the motive that if the gambler reaches the last race and still has a bet on, he doesn't want to lose out in the last race by only having one selection. If after the first race the gambler has failed to pick a selection which was placed then the bet is over.