Posts Tagged ‘greyhound racing’

Gambling on horse races

Posted by Nicolae on June 12th, 2008 under Gaming Guide, Sports Betting
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Tokyo Racecourse in Tokyo, Japan.
One of the most widespread forms of gambling involves betting on horse races, most commonly on races between thoroughbreds or between standardbreds.
Wagering may take place through parimutuel pools; or bookmakers may take bets personally. Parimutuel wagers pay off at prices determined by support in the wagering pools, [...]

Parimutuel betting

Posted by Nicolae on June 8th, 2008 under Sports Betting, Sports betting guide
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(from the French language: pari mutuel, mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
The parimutuel system is used in [...]