The Totesport, also known as the Horserace Totalisator Board, is a British bookmaker. That has over 500 betting shops and outlets on Britain’s 59 racecourses. It’s the only organization in the United Kingdom that is allowed to run pool betting on horseracing. In recent years it has expanded into fixed odds betting in other sports through the brand ToteSport. The ToteSport is unique in that its government appointed board is the Tote although privatization of the organization has been a Labor manifesto commitment since 2001. In 2006, Chancellor Gordon Brown announced privatization in the budet.

In 2006 the Gala Coral Group tabled a bid for the ToteSport valuing the entire business at 405 million dollars. The bidders however stated that they would prefer to buy only the 540 high street betting shops for 325 million dollars. Leaving the remainder of the business including on course betting offices, telebet business and Internet, which Gala Coral values at 80 million dollars in the government hands. The idea was to allow the Racing Consortium to take over the pool betting business at a price it can afford while ensuring that the stat received a fair return on the Tote Sport’s privatization.

Any of the bids from rival bookmakers William Hill or Ladbrokes would almost certainly be rejected on competition grounds, as each has in excess of 2,000 betting offices. Smaller rivals Betfred are unlikely to be in any position to outbid Gala Coral, which is the third largest operator of betting shops in the United Kingdom. If Gala Coral’s bid were to succeed, then the company would operate over 2,000 licensed betting offices, the ToteSport shops being rebranded as Coral. The government invited a racing consortium and tote staff to formally bid for The ToteSport by January 26, 2007. This bid however was successfully submitted and is currently under review by the DCMS. If you go online, you can open an account with ToteSport. They have online Tote betting, horse racing, live tote betting odds, tote bookmakers. You can also view the news on horse racing and there is a guide that you are available to use. This online site aims to give you all the information at your fingertips for you to understand how tote pool betting works, how you can place a tote bet online and which online bookmakers offer you this facility. The tote betting free bets offer and all the live information you will need on the tote pools and payouts.