There's a few of different aspects to TopBetta's offering.
- Tournaments are run like a poker tournament, players buy in with a set stake and their results are based on selections and staking made over the course of the tournament, usually a set of race meetings designated in the rules of said tournament. Prizemoney is then distributed to the winners.
- The new Global Tote will have win, place, quinella, trifecta, first four pools etc etc just as you would when betting with the TAB. I have also seen mentioned some exciting new offerings like a triple trio (pick three trifectas in designated races) which get huge jackpots in Hong Kong. The Divs for triple trios can be life-changing amounts and are hugely popular with small and big bettors alike in HK. (HKJC.com will have more detail about that)
- Topbetta also has it's own fixed odds arm, like your traditional bookmaker.
Essentially they are offering two novel betting platforms as well as your traditional bookmaker arm.
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