Parimutuel betting
(Sprache: Englisch)
Parimutuel betting is a betting system in which all bets of a particular type are placed together in a pool taxes and a house take or vig are removed, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known...
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Parimutuel betting is a betting system in which all bets of a particular type are placed together in a pool taxes and a house take or vig are removed, 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 all 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
Bibliographische Angaben
- 2010, 88 Seiten, Kartoniert (TB), Englisch
- Herausgegeben von Miller, Frederic P.; Vandome, Agnes F.; McBrewster, John
- Verlag: Alphascript Publishing
- ISBN-10: 6130669968
- ISBN-13: 9786130669966
Sprache:
Englisch
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