Parimutuel betting is a wagering system in which all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets. Parimutuel betting differs from fixed-odds betting in how the final payout… Continue Reading
This post shows how the payouts of a parimutuel pool are calculated. Parimutuel betting is a type of betting where payouts are determined by the amount bet on each outcome. Click here to view the parimutuel pool described in this… Continue Reading
Parimutuel betting is a wagering system in which all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets. Parimutuel betting differs from fixed-odds betting in how the final payout… Continue Reading
