Readbet.com.au announces SuperTOTE offer

The following payout limits apply per horse, per race, per account (or group deemed to be acting on behalf on any one Individual or Entity). Any winnings in excess of the below limits are paid at the dividend declared by Super TAB.

• Win Bets:
  • $30,000 for Metropolitan meetings
  • $15,000 for Country and Provincial meetings

• Place Bets:
  • $15,000 for Metropolitan meetings
  • $7,500 for Country and Provincial meetings

Important Note:
When one or more TABs declare a dividend based on a commission deduction (take out) lower than the standard rate, SuperTOTE will be determined as:

• SuperTOTE+: exceeds dividend declared by at least two TABs
• SuperTOTE: exceeds dividend declared by at least one TAB

Please note: full Readbet terms and conditions apply.

This is calculated as follows:

• Maximum win limit for the bet is $30,000 at SuperOdds.
• Therefore, bet return is calculated at $3,000 on SuperTOTE+ (11.00) plus $500 at Super TAB (9.50).
• SuperTOTE+ win is $30,000 ($3,000 x 11.00 = $33,000 return less stake of $3,000 = win of $30,000)
• Super TAB win is $4,250 ($500 x 9.50 = 4,750 return less stake of $500 = win of $4,250)
• Total player win = $34,250 (SuperTOTE+ win of $30,000 + Super TAB win of $4,250)