|
| |
| | Parimutuel betting - Wikipedia, the free encyclopedia |
 | | Parimutuel betting (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. | | | A $5 bet Each-way is a $5.00 bet to Win and a $5.00 bet to Place, for a total bet cost of $10. | | | Parimutuel gambling is often also offered at "off track" facilities, where players may bet on the events without actually being present to observe them in person. |
|
http://en.wikipedia.org/wiki/Parimutuel_gambling
(1109 words)
|
|
| |
| | Sports betting - Online Gambling |
| | Snai, which organises betting on Italian football, said later it had registered suspiciously heavy betting on the result and many of the bets were for a 1-0 halftime score and a fulltime score of 1-1. | | | Betting can be done either locally (such as commonplace office bets on the NCAA tournament) or against a friend, but also with casinos, bookmakers, or racetracks. | | | In addition, sports betting is often seen as a threat to the integrity of amateur and professional sport. |
|
http://www.community.online.gambling.name/wiki/index.php?title=Sports_betting
(1834 words)
|
|
| |
| | Gambling - Wikipedia, the free encyclopedia |
| | A teaser is one type of parlay where the bettor can alter the point spreads on the two games in the bet. | | | In sports betting, a parlay involves a bet that two or more teams will win. | | | At sports betting, players may beat the bank. |
|
http://en.wikipedia.org/wiki/Betting
(2881 words)
|
|
| |
| | Horse Bet Racing at Horse Betting Racing |
| | Parimutuel betting means that there is no "house," and you are essentially playing against everyone else who bets. | | | The prestigious sport of horse bet racing has a long history of tradition and unforgettable triumphs, and the practice of wagering on its events has always been a major staple of its existence. | | | Horse bet racing online has become the simplest form for betting on horses without stepping into a racetrack. |
|
http://www.horsebetting-racing.com/horse_bet_racing.html
(295 words)
|
|
| |
| | Definition of Parimutuel Betting for True-Parimutuel.com |
| | A $50.00 bet on your team to win by 6 may pay 6/5 or 5/6 depending on what the other bettors are betting. | | | This is a true Pari-mutuel wagering system where you bet among other players and the bets make the odds, as at the track. | | | So, similar to what happens at the horse track, the odds of each winning bet's payoff are determined by the ratio between the money wagered on a player or team and the total amount wagered in the pool. |
|
http://bet.true-parimutuel.com/definition.htm
(245 words)
|
|
| |
| | I |
| | Parimutuel betting: Betting on bicycle races is limited to age 21. | | | Parimutuel betting: Licensees may not admit anyone under 18 into a building where parimutuel betting or simulcasting is taking place, nor may they knowingly permit any minor to be a patron of the parimutuel system or any other betting system. | | | Parimutuel betting: Minimum age to bet seems to be always 18, although the law sets slightly different ages for being present at tracks and OTB outlets. |
|
http://www.gamblingandthelaw.com/agechart.html
(12113 words)
|
|
| |
| | Dummies::Betting Against Other Bettors |
| | The essence of playing poker and betting on horse racing is the same: You bet against all the other players. | | | Horseplayers are betting amongst each other, and if you're smarter than the people around you, you win their money. | | | When you bet on a horse and it wins, your profits come from the losing horseplayers who bet on other horses in the same race. |
|
http://www.dummies.com/WileyCDA/DummiesArticle/id-2999.html
(758 words)
|
|
| |
| | Welcome to Always 802 |
| | Parimutuel style payoffs means that you are playing against the other players, and not against the house. | | | New betting screens open throughout the game, so the odds are always in sync with the game. | | | Payoffs on bets are made as soon as the outcome is known, and winnings are immediately available for making new bets. |
|
http://www.always802.com
(247 words)
|
|
| |
| | Introduction of Gambling in the United States |
| | For example, parimutuel wagering in Nevada is regulated by the Nevada State Gaming Control Board, which oversees all gaming in that state. | | | Betting with bookies usually involves placing bets on the outcome of a certain event, such as a sporting event. | | | The most popular forms of illegal games are "numbers," which is essentially a lottery, and betting with bookies, typically sports betting. |
|
http://www.library.ca.gov/CRB/97/03/Chapt1.html
(3964 words)
|
|
| |
| | HB 835 |
| | With parimutuel betting, approximately eighty per cent is paid out to the players (which is the reason for the established odds) while up to ten per cent is paid to the State in taxes and the remaining ten per cent is applied to track expenses. | | | All provisions of law governing parimutuel betting under this chapter shall apply to parimutuel betting in interstate common pools except as otherwise provided in this section or in the board's rules. | | | For such an interstate common pool, the board may approve the types of wagering, takeout, distribution of winnings, rules of racing, and calculation of breakage which are different from those which would otherwise be applied in this State but are consistent for all parties to the interstate common pool. |
|
http://www.capitol.hawaii.gov/session2002/Bills/HB835_.htm
(4538 words)
|
|
| |
| | Northlands Park - Memories Worth Keeping - Gaming |
| | Parimutuel betting and casino operations are still the biggest hits at Northlands, each generating financial returns critical to the survival and service of the organization. | | | Though most gaming activities were illegal in Alberta until 1969, parimutuel betting was permitted at the races long before. | | | Almost all of the money invested through betting at the tracks is either returned to the public in the form of payouts, or pledged to the winners’ purse. |
|
http://www.northlandsmemories.com/community_events/gaming.html
(262 words)
|
|
| |
| | The Memphis Flyer: Analysis - November, 1997 |
| | If Memphis is going to have slot machines and/or year-round off-track betting, they should come in through the front door, not under the guise of live horse racing or a scholarship program. | | | And for that reason, the application of Penn National Gaming to operate a track and betting parlor in North Memphis should be tabled, and the Tennessee General Assembly should go ahead and let the long-dormant Tennessee Racing Commission expire. | | | If we are to have slot machines and off-track betting, they should come through the front door. |
|
http://www.memphisflyer.com/backissues/issue455/anal455.htm
(920 words)
|
|
| |
| | Horse Racing and Efficient Markets |
| | Betting coups in the U.K. Horses whose odds fall during the betting were phenomenally profitable bets prior to the fall (Table 6B) | | | General rule: return to $1 bet on the winning horse is W/W | | | The pool is divided up among the winning bettors in proportion to the amount bet. |
|
http://hubcap.clemson.edu/~sauerr/classes/324/wagernotes_1.htm
(441 words)
|
|
| |
| | Rocky Mountain News: Local |
| | But the law specifically allows parimutuel and calcutta betting, and other forms of nonprofessional gambling as long as devices are not used and they are part of a social relationship among the players. | | | Crank said the law prohibits "professional gambling," which is defined as when the house keeps part of the betting or when one party in the game has better odds of winning than others. | | | After the negotiations failed, a federal judge in February 2002 ordered a new round of talks aimed at allowing only parimutuel betting, or betting on horse and dog races, and calcutta betting, similar to parimutuel betting dealing with other types of sports events. |
|
http://www.rockymountainnews.com/drmn/local/article/0,1299,DRMN_15_3749855,00.html
(488 words)
|
|
| |
| | ADQ 6/1. Parimutuel Wagering in Car Wars. |
| | For simplicity's sake, assume that a bet to place pays 2/3 of the amount the same bet to win would pay, while a bet to show pays half what a bet to win would pay. | | | Thus, if you bet on a duellist with 6-to-l odds to place and he finished either fast or second, you would receive winnings at 4 to 1. | | | In practice, wagering on autodueling is very similar to betting on horse races during the previous century. |
|
http://www.sjgames.com/car-wars/adq/6/1/wagering.html
(1783 words)
|
|
| |
| | Gideon's Blog |
| | But parimutuel betting is different from casino gambling in that the gambler is not betting against the house. | | | But Russia is on the one hand something of a weak horse (and therefore a risky bet) and on the other hand its ultimate ambitions (e.g. | | | Of late, the American tendency has been to bet on "winners" - spending time and energy on countries like Uganda that seem to be doing better than average - and encouraging stronger states to take a leading role in policing smaller and less-stable neighbors. |
|
http://www.gideonsblog.blogspot.com/2003_07_01_gideonsblog_archive.html
(18298 words)
|
|
| |
| | Cigar Aficionado Archives Mega Sports |
| | With MegaSports, sports betting is now like a typical Vegas poker game: gamblers are betting against each other; winners are paid with the losers' money, minus the house's commission. | | | Every day there are bets with such huge overlays, the smart guys are going to do very well. | | | As at the horse track, the odds of each MegaSports bet are calculated by the ratio between the money wagered on a particular team or contestant and the total amount wagered in the pool. |
|
http://www.cigaraficionado.com/Cigar/CA_Archives/CA_Show_Article_Print/0,2812,494,00.html
(1944 words)
|
|
| |
| | EconPapers: Sequential Parimutuel Games |
| | Abstract: In a parimutuel betting system, a successful player's return depends on the number of players who choose the same action. | | | This paper examines a general solution for two-action sequential parimutuel games, and shows how the (unique) equilibrium of such games leads to a simple pattern of behaviour. | | | In particular, we show that there is an advantage to being an early mover, that early players might choose actions with an ex ante low probability of success, and that player action choices can 'flip' with small changes in the parameters of the game. |
|
http://econpapers.repec.org/paper/fthmelbec/736.htm
(215 words)
|
|
| |
| | Gamblers' Rationality in Parimutuel Soccer Betting |
| | Assuming that the bookmakers' quotas reflect the true probability of each possible result of a soccer game, we are able to derive a formula for the expected payoff of a betting strategy (Tipp). | | | Using recent (1996-99) data from the Austrian games Toto and Torwette we are able to calculate the optimal strategies for 90 Toto and Torwette rounds. | | | Keywords: Decision making under risk and uncertainty, Parimutuel betting, Sports, Gambling |
|
http://ideas.repec.org/p/ihs/ihsesp/87.html
(405 words)
|
|
| |
| | Could casinos come ashore? - The Clarion-Ledger |
| | Offering parimutuel betting also would require a change in gaming legislation. | | | John Osborne, general manager at Hollywood Casino in Tunica, said he's never had a customer request parimutuel betting during his 10 years in gaming. | | | But some casino owners aren't sure the addition of off-track betting is needed. |
|
http://www.clarionledger.com/apps/pbcs.dll/artikkel?SearchID=73171058075780&Avis=D0&Dato=20040508&Kategori=BIZ&Lopenr=405080336&Ref=AR
(470 words)
|
|
| |
| | 8 Wn. App. 314, NORTHWEST GREYHOUND KENNEL ASSOCIATION, INC., Appellant, v. THE STATE OF WASHINGTON et al., Respondents |
| | In order for any race track operator to obtain the benefits of a betting pool, however, the legislature must either repeal the professional gambling restrictions or create an exception, as it has done with respect to horse racing. | | | gambling and businesses dealing in gaming has been clearly established, such a policy being within the discretion of the legislature, questions and arguments respecting the scope of parimutuel betting are more properly addressed to the legislative branch. | | | Historically, such professional betting pools have been illegal in this state since at least 1909. |
|
http://www.mrsc.org/mc/courts/appellate/008wnapp/008wnapp0314.htm
(1822 words)
|
|
| |
| | OTB Exemption for CTR Reporting - John Burnett |
| | It is engaged in gaming, one of the "banned" business types, and the gaming is not parimutuel betting at a race track. | | | I am not aware of any FinCEN ruling that says that off-track betting is the equivalent of parimutuel betting at race tracks. | | | Question: We have a customer who is an off-track betting parlor. |
|
http://www.bankersonline.com/operations/guru2004/gurus_op080204f.html
(188 words)
|
|
| |
| | How to Calculate Payoffs on Your Race Bets - eHow.com |
| | In order to calculate payouts, the track subtracts between 15 and 18 percent of the total dollars bet to win, divides the remainder by the number of dollars bet on the winning horse, multiplies that number by $2 and rounds down to a multiple of 20 cents. | | | The more money bet on the horse by everyone betting, the lower the odds and the less you get back for every dollar you bet. | | | Go to the race track or off-track betting establishment you wish to bet in. |
|
http://www.ehow.com/how_5738_calculate-payoffs-race.html
(275 words)
|
|
| |
| | Nebraska v |
| | The bets were entered by either the bettor or the parimutuel clerk and then sent to the totalizator at the racetrack. | | | The computer continuously computes and recomputes the amount of each pool, the amount bet upon each prediction for each horse, and the amount that would theoretically be paid out for each $2 bet on each horse if the race is finished and that horse wins, places, or shows. | | | A separate pool is used to collect more complicated bets, such as predicting the exact order of finish of horses in a race or of the winners in two or more races. |
|
http://tarlton.law.utexas.edu/dawson/cases/racing/nebraska.htm
(3126 words)
|
|
| |
| | Archives: Sports - www.explorernews.com |
| | The next closest off-track betting facility to the Northwest can be found at the Arizona Ale House, 95 W. River Road. | | | The restaurant was the Northwest's off-track home for horse and dog betting up until 2001, when it transferred its permit to the Silverado Steak House because it was deemed more accommodating. | | | The bulk of the revenue comes from off-track betting, which netted a little more than $157 million in 2004. |
|
http://www.explorernews.com/articles/2005/09/14/sports/sports04.txt
(870 words)
|
|
| |
| | A2555 A889 ACS 1R |
| | “Parimutuel” means any system whereby wagers with respect to the outcome of a horse race are placed with, or in, a wagering pool conducted by an authorized person, and in which the participants are wagering with each other and not against the person conducting the wagering pool. | | | “Takeout” means that portion of a wager which is deducted from or not included in the parimutuel pool, and which is distributed other than to persons placing wagers. | | | “Account wagering” means a form of parimutuel wagering in which an account holder may deposit money in an account with the account wagering licensee and then use the account balance to pay for parimutuel wagers by the account holder. |
|
http://www.njleg.state.nj.us/2000/Bills/a3000/2555_r1.htm
(6632 words)
|
|
| |
| | ipedia.com: Hong Kong Jockey Club Article |
| | The Hong Kong Jockey Club (HKJC, 香港賽馬會) is a non-profit organisation providing horse racing, sporting and betting entertainments in Hong Kong. | | | The Hong Kong Jockey Club is a non-profit organisation providing horse racing, sporting and betting entertainments in Hong Kong. | | | It holds a government-granted monopoly in providing parimutuel betting on horse raising, "Mark Six" lotteries, and fixed odds betting on overseas football events. |
|
http://www.ipedia.com/hong_kong_jockey_club.html
(358 words)
|
|
| |
| | EARLEY CALLS FOR REPEAL OF PARIMUTUEL BETTING DEAL HE SAYS VIRGINIANS DIDN'T BARGAIN FOR LIKELY ADDITION OF ... |
| | Earlier this month, Jacobs said he would like to double the number of approved off-site betting parlors from six to 12. | | | He also said he would seek the General Assembly's permission to introduce ``video poker'' slot machines at Colonial Downs, if tracks in neighboring Maryland get casino-style games. | | | Earley said none of these additional forms of gaming were mentioned when Virginia voters approved a parimutuel referendum in 1988. |
|
http://scholar.lib.vt.edu/VA-news/VA-Pilot/issues/1996/vp960828/08280437.htm
(465 words)
|
|
| |
| | parimutuel betting on Encyclopedia.com |
| | The uniqueness of parimutuel betting lies in the fact that the gambling public itself determines the payoff odds (e.g., if many people have bet on the actual winner of a contest then the payoff will be low, simply because many winners will divide the pool). | | | Greyhound tracks and jai alai games also use the system. | | | Parimutuel wagering is the accepted betting procedure at major horse-racing tracks throughout the world. |
|
http://www.encyclopedia.com/html/p1/parimutu.asp
(348 words)
|
|
| |
| | Parimutuel betting - definition of Parimutuel betting by the Free Online Dictionary, Thesaurus and Encyclopedia. |
| | Parimutuel betting is not available in the general English dictionary and thesaurus. | | | Parimutuel betting - definition of Parimutuel betting by the Free Online Dictionary, Thesaurus and Encyclopedia. | | | This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. |
|
http://www.thefreedictionary.com/parimutuel+betting
(87 words)
|
|
| |
| | References |
| | Crafts, N. Some Evidence of Insider Knowledge in Horse Race Betting in Britain. | | | Forecasting Outcomes in Spread Betting Markets: can bettors beat the book? | | | Market efficiency in person to person betting (Research Paper) |
|
http://www.ntu.ac.uk/nbs/spec/betting_research_unit/16598gp.html
(278 words)
|
|
| |
| | Internet Casinos, Poker, Sportsbooks, Parimutuel betting |
| | This is a true Pari-mutuel wagering system where you bet among other players and the bets make the odds, as at the track. | | | If you are not familiar with pari-mutuel betting, Click | | | is that the bettors determine the changing odds as the bets come in, and AllSportsAction carefully manages the money, calculates the odds, and makes the pay-out at the conclusion of the event. |
|
http://www.true-parimutuel.com
(106 words)
|
|
| |
| | parimutuel wagering;rum - DR1 Forums |
| | There is a horse racing track n Sto Dgo and the larger betting parlours have two or three dishes for games and activities all over. | | | are parimutuel betting parlors existent in dr? live racing anywhere? | | | The best rum by far is Barcelo Imperial and it is about RD$120-150 a bottle (4/5 qt) or 750 cl. #1 Rated rum in the world!! |
|
http://www.dr1.com/forums/showthread.php?t=12367
(113 words)
|
|
| |
| | ADQ 6/1. Newswatch: History of Parimutuel Wagering |
| | Many duellists supplement their income by placing bets on themselves. | | | Several other arenas around the country add parimutuel betting, and see a dramatic increase in attendance, as well as considerable income from the gambling itself. | | | Today: Most arenas in states which ahow parimutuel wagering feature betting. |
|
http://www.sjgames.com/sjgames/car-wars/adq/6/1/newswat.html
(494 words)
|
|
| |
| | A DAY AT THE RACES: THE PARIMUTUEL BETTING SYSTEM. |
| | A look at the rise of the parimutual betting system from its inception in nineteenth century France down to the present day, with a discussion of the art of handicapping and betting. | | | PAGE LENGTHS, FOOTNOTES AND BIBLIOGRAPHIC REFERENCES: The title of the paper, usually typed in capital letters, is followed by a brief description of the paper and a specification of text page length (NOT including the bibliography or endnote pages), number of footnotes or citations, and number of bibliographic references. | | | The closer a paper is to the top of a page, the more recently it was written. |
|
http://www.academictermpapers.com/abstracts/4000/04993.html
(171 words)
|
|
| |
| | Horse Racing /Lotteries |
| | Arbitrage Strategies for Cross Track Betting on Major Horseraces (with D.B. Hausch) Journal of Business LXIII (1990): 61-78. | | | Parimutuel Betting Models (with J.G. Kallberg) in The Efficiency of Racetrack Betting Markets (with D.B. Hausch and V. Lo, eds) Academic Press, 1994, 110-118. | | | Efficiency of Sports Betting Markets (with D.B. Hausch) in R.A. Jarrow, V. Maksimovic, and W.T. Ziemba, Eds., Finance, North Holland Handbook Series, 1995, 547-582. |
|
http://www.interchg.ubc.ca/ziemba/horses.html
(359 words)
|
|
| |
| | Bet Small Win Big |
| | In Parimutuel betting you set the odds not them! |
|
http://www.betsmallwinbig.com
(9 words)
|
|
| |
| | Parimutuel Betting under Asymmetric Information |
| | This paper examines finite parimutuel betting games with asymmetric information, with particular attention to differences between sequential and simultaneous settings, and between fully rational and myopic ("price taking") behavior. | | | "The Favorite-Longshot Bias in Sequential parimutuel Betting with Non-Expected Utility Players," Working Papers of BETA 2002-12, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. | | | This equilibrium becomes unique as the number of bettors increases, and it corresponds to the strategy profile used by myopic bettors. |
|
http://ideas.repec.org/p/esi/discus/2003-34.html
(759 words)
|
|
| |
| | PARIMUTUEL BETTING. |
| | The legislature may authorize on-track parimutuel betting on horse racing in a manner prescribed by law. |
|
http://www.house.leg.state.mn.us/cco/rules/mncon/art10_8.htm
(16 words)
|
|
| |
| | 23-4-301. Parimutuel betting -- other betting illegal. |
| | (1) It is unlawful to make, report, record, or register a bet or wager on the result of a contest of speed, skill, or endurance of an animal, whether the contest is held within or outside of this state, except under 23-5-502 or this chapter. | | | (2) A licensee conducting a race meet under this chapter may provide a place in the race meet grounds or enclosure where the licensee may conduct or supervise the use of the parimutuel system by patrons on the result of the races conducted under this chapter and the rules of the board. | | | The amount of the handle at the simulcast race meet must be combined with the amount of parimutuel handle at the live racing facility for the purposes of distribution of money derived from parimutuel betting under 23-4-302 and 23-4-304. |
|
http://data.opi.state.mt.us/bills/mca/23/4/23-4-301.htm
(277 words)
|
|
| |
| | Houston Home Journal |
| | Jenkins said he believes this is something we will see in Georgia in the next two to three years. | | | Felton Jenkins, member of the Authority, which oversees operations for the agricenter, said he was glad James brought up the subject of parimutuel betting. | | | If handled properly, parimutuel betting could be a good thing for the state, Jenkins added. |
|
http://news.mywebpal.com/partners/963/public/news553805.html
(307 words)
|
|
| |
| | U.S. Newswire : Release : U.S. Census Bureau Daily Feature for March 12: Parimutuel Betting |
| | In the 1930s, to raise money, 21 states brought back horse racing with pari-mutuel betting in which the betting public itself controls the odds on any one horse. | | | Pari-mutuel betting on horse races was legalized by Nebraska's unique single-house legislature on this day in 1935. | | | Some historians even credit the desire for local control of both prohibition and horse race betting as the cause for changing the structure of the legislature. |
|
http://releases.usnewswire.com/printing.asp?id=27422
(247 words)
|
|
| |
| | Northlands Park - Memories Worth Keeping - Harness |
| | A few years later, parimutuel betting was introduced and, while interest in the sport began to wane across the United States for the lack of legal wagering options, it continued strong at the Edmonton Exhibition betting wickets. | | | By 1909, the Northlands track had played host to champion thoroughbred racing in both gaits. | | | When people think of horseracing, they often picture a swift animal with a rider on its back, and that is just what Northlands racing was in its infancy. |
|
http://www.northlandsmemories.com/community_events/racing_harness.html
(451 words)
|
|
| |
| | NHS Web Home Page |
| | specialists in pari-mutuel betting software for Kentucky Derby parties and golf tournaments. |
|
http://www.nagsheadsoft.com
(12 words)
|
|
| |
| | Denver Rocky Mountain News: PARIMUTUEL BETTING ON TURTLES?@ HighBeam Research |
| | Denver Rocky Mountain News: PARIMUTUEL BETTING ON TURTLES?@ HighBeam Research | | | Rep. Wayne Johnson, R-Cheyenne, is proposing a bill for the 1999 Legislature that would allow parimutuel betting on... | | | Search for more information on HighBeam Research for. |
|
http://www.highbeam.com/library/doc0.asp?DOCID=1P1:19464440&refid=ip_encyclopedia_hf
(148 words)
|
|
| |
| | Horse racing and betting from OTB |
| | Interbets.com reminds you to bet with your head... | | | Now you can get a bet down on today's racing excitement from anywhere by phone. | | | Want to increase traffic to your own horse racing website? |
|
http://www.catskillotb.com
(110 words)
|
|
|
