Calculate tote price

A price quote for a horse on the Tote is the current dividend pay-out on the event of that outcome happening. This tends to be similar to normal bookmaker odds, and tracks the market in a similar way, but at any given time may be better or worse than a bookmaker’s quoted odds. However, since all bets are pooled, all bets are essentially starting price” (SP), that is, until the race has started (and all betting finished) one cannot calculate what the final pay-out will be

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skill/competence

occupation-specific

Calculate tote price is an essential skill of the following occupations:

Tote operator: Tote operators run the day-to-day functions of the tote operation at a horse race track, such as tote system data entry and verification, prepare the reports for the racetrack office, assist the forwarding of company equipment and spare parts. They maintain, operate and troubleshoot tote boards and auxiliary odds boards. They operate the communication tools used at the racetrack. They install, tear down and maintain equipment.

Calculate tote price is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

References

1. Calculate tote price – ESCO