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Fixed odds betting provides certainty of winning; bookmakers offer prices for each horse when placing your bet, and when placing it you know exactly how much is at stake. When betting with tote odds however, your money enters a pool with other bettors; should your horse win it will pay out according to how many units won - this is known as dividend. While those who prefer certainty of their returns may dislike such systems that offer payouts at random may not like it as this creates confusion and uncertainty - many governments support such systems because it allows them to benefit directly from gambling revenues that would otherwise go directly towards funding other programs such as this system. Kayo Sports Tonight, Educational Resources:
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