What is the difference between Tote and Fixed Price racing?
Tote betting or pari-mutuel betting is a system that combines all bets together in a pool. The dividend is calculated by dividing the pool, less the designated commission, by the amount of money invested on the winning selection.
Fixed Price betting is where the price offered at the time of bet acceptance is fixed. In final field betting, the fixed price bet is subject to deductions in case of scratchings (after the bet was accepted).
For more information on how to bet on fixed price markets - see How do I bet on Fixed Price Markets?