In India, horse racing betting operates through a system called the Totalizator or Tote system, which is widely used at major racecourses across the country. This system pools all bets placed on a particular race and then distributes the total pool money among the winning bettors after deducting a commission for the operator.
The odds in Indian horse racing are determined by the amount of money wagered on each horse. When more people bet on a specific horse, its odds decrease, meaning the potential payout is lower. Conversely, if a horse has fewer bets, its odds increase, offering higher potential returns. This dynamic pricing ensures that the odds reflect the public\“s perception of each horse\“s chances of winning.
Popular betting types in India include Win bets （betting on a horse to finish first）, Place bets （betting on a horse to finish in the top two or three positions）, and Each-Way bets （combining both Win and Place bets）. The final odds are calculated after the betting closes and are displayed on boards at the racecourse and through online platforms. |
