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PMU Arbs

Live French pari-mutuel dividends from PMU's own tote, set against the fixed-odds prices we carry from six bookmakers and the Betfair exchange. Three things at once: where the tote money is moving, where the tote and the books disagree, and where a bookmaker is simply paying more than the tote.

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A gap here is a difference of opinion, not a locked arb. The tote is pari-mutuel: the dividend you see is provisional, it keeps moving until the off, and your own stake moves it against you. Nothing on this page can be backed on both sides. The dividend is quoted net of takeout, so implied chances across a French win pool sum to about 118%, not 100%. Comparing a bookmaker straight to that would flatter the book on every runner in every race, so Fair is the dividend with the takeout normalised out — the crowd's actual opinion, and the honest thing to price against.
Races live
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on the PMU card
Priced by books
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Book beats tote
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runners paying more than the dividend
Biggest gap
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Biggest mover
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