Tote Launch Totesuperseven

Date: 9 Sep 2008

 
The tote will be launching its second new pool bet of the year when it introduces the totesuper7 to its portfolio to coincide with the start of the St Leger meeting on Wednesday. The bet is a daily, multi-leg cross-card jackpot style bet where punters have to pick the winner of all seven nominated races. There are also consolation prizes for finding any six or any five winners from the selected races.

David Craven, totepool Managing Director commented, “This is a very exciting launch and we are sure that this new regular small stake, big return bet will be a welcome addition to our pool portfolio with both punters and bookmakers alike. We have seen the excitement that large rollovers in the totejackpot and totescoop6 generate and the totesuper7 aims to reach those on a more regular basis. The totesuper7 is similar in format to the V75, which is a hugely popular bet in Northern Europe.”

The totesuper7 will be available every day except Saturday and will take in races from two or three race meetings on each day. Customers will be able to place bets in all totesport, Ladbrokes, William Hill and Coral betting shops (and to telephone customers with all four bookmakers), as well as on-line with totesport, Ladbrokes, Coral, Betfair, Bet 365 and Blue Square.

Craven added, “Whereas the toteswinger was launched primarily with the racecourse market in mind, this is very much an off course bet and we are delighted that our major tote direct partners will be offering totesuper7 from launch.”

Each totesuper7 bet costs £2, with permutations accepted in multiples of the £2 unit stake. The pool deduction rate is 30%, in line with the totescoop6. The net pool is allocated as follows.

· 38% for all seven winners
· 28.5% for any six winners
· 28.5% for any five winners
· 5% for the starting fund

Three separate dividends are declared for each outcome, with only one dividend payable per winning line.
To launch the bet the tote are guaranteeing a £100,000 main prize pool for all seven winners.

A starting fund will build in the background during each rollover sequence. Each time the ‘all seven winners’ pool is won, this will then be allocated in full to the main prize fund to start the next run.

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