Betting system in which all bets of a particular type are placed together in a pool
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made.
The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games.
Betting on the Favorite, an 1870 engraving
and 26 Related for: Parimutuel betting information
Parimutuelbetting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take"...
such as fixed-odds (or money-line) betting or parimutuelbetting. A point spread is a range of outcomes and the bet is whether the outcome will be above...
(True parimutuelbetting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.) Betting pools...
involves betting on horse or greyhound racing. Wagering may take place through parimutuel pools, or bookmakers may take bets personally. Parimutuel wagers...
Betting on horse racing or horse betting commonly occurs at many horse races. Modern horse betting started in Great Britain in the early 1600s during the...
established in Russia in 2008. Activities of this betting company are aimed at developing betting business in Russia, supporting national sports, and...
in Texas. Bills to legalize sports betting legislation in Texas have not received favorable attention. Sports betting—whether via "bricks and mortar" or...
A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system...
'Due-column Betting' (also: 'due column betting') is a type of fixed-profit betting strategy whereby a bettor increases the amount he wagers on a single...
online gambling on all major sports, online games, racing (parimutuelbetting), financial betting and poker in multiple languages. In February 2009, the Isle...
cabaret Moulin Rouge with Charles Zidler and was the inventor of parimutuelbetting. Born in Spain in Terrassa, Josep Oller emigrated to France with his...
Australian and New Zealand punting Glossary of equestrian terms Parimutuelbetting#Parimutuelbet types Advance-deposit wagering Advance-deposit wagering (ADW)...
available. Arbitrage bettingBetting pool Financial betting Friendly political wager Parimutuelbetting Point shaving Sports betting systems Statistical...
in 1930. Like horse racing, it is popular to bet on the greyhound races as a form of parimutuelbetting. Greyhound racing enjoyed its highest United Kingdom...
the (simpler) case of the former event. For the second method, see Parimutuelbetting. It is important to understand the relationship between fractional...
track struggled to remain profitable. In 1986, Kansas voters approved Parimutuelbetting at horse and dog racing facilities. 67% of Greenwood County residents...
Pool betting or parimutuelbetting, a betting system in which all bets of a particular type are placed together Betting pool, a form of pool betting where...
in Florida and Connecticut, where the game was used as a basis for parimutuelbetting. Florida at one point had at least ten frontons throughout the state:...
system which runs parimutuelbetting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. Parimutuel systems had used...
final two races. Daily doubles may also be found in other sports with parimutuelbetting, such as jai alai. The daily double was the first so-called "exotic"...
Massachusetts, voted against parimutuelbetting. On May 17, 1935, a special town meeting approved rezoning Bowles Agawam Airport for parimutuel horse racing. On May...
win, one would likely have to share it with fewer other people. See parimutuelbetting.) Another application of the law of averages is a belief that a sample's...
less predictable, which in turn increases the handle, or amount of parimutuelbetting, and a way to bring liquidity to the racehorse marketplace. Although...
similar to parimutuelbetting, in that the winnings are awarded from the total pool of bets, but differs in that only one player can bet on any one contestant...
facilities including grandstand restaurants and parimutuelbetting tote system with on-course and off-course betting available. Greyhound racing as it is seen...
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