|UK based betting operator the Tote is reinstating the Saturday jackpot that it abolished in July 1999. The jackpot involves naming the first six winners at any one meet, and is held every day of the week, but not Saturday for the last 5 years. |
The reason for scrapping the Saturday option was that the Tote said it could not handle two multiple wagers at the same time. Now Saturday jackpots are back, thanks to some software developments made by the Tote’s in-house IT team, which has improved systems to increase capacity for multiple wagers.
These software improvements are being used in the Tote’s pools and their internet betting site, allowing this popular jackpot option to return soon. The company recorded its best ever year in the 12 months up to 31 March 2004, with operating profits up to £26,133,000 from £18,537,000 in the previous 12 month period. In the same announcement regarding the Saturday jackpot, Tote also let it be known that it will be increasing contributions to the racing industry by allocating a special bonus amount of £650,000 for distribution to racecourses.
Additionally Tote has signed a new deal with Racing UK, with the aim on strengthening the size of betting pools, and extending the betting on British racing around the world. The Tote are also keen to sign a similar deal with At The Races- neither deal will involve the Tote subsidising either organisation- it is merely a mutual resolve to work together towards common aims.