Tote Ireland Limited is a wholly owned subsidiary of Horse Racing Ireland, with responsibility for the operation of a Totalisator on the 25 racecourses including Down Royal and Downpatrick. Tote Ireland is at the heart of Irish horse racing, providing a wide variety of betting options for all race goers. All profits made by Tote Ireland are used by Horse Racing Ireland for the funding of Irish Horseracing.'Tote' is short for Totalisator and Tote Ireland Betting is pool betting based on the Parimutuel or "betting among ourselves" betting model common throughout the world. It works like this: all the stakes on a race are pooled; a deduction is made to cover costs, and contribute a profit to, Tote Ireland Betting. The remainder of the pool is divided by the number of winning units to give a d