20 Sep 2024 — If you bet $10 across the board, you're actually wagering $30. A first-place finish will pay much more than if your bet ends up in the second or third spot. The .... In simple terms, Parimutuel betting describes a pool wagering system.
Payouts are determined by the amount of money staked on each potential .... It's easiest to think of Parimutuel betting as betting into a pool where the payout is determined by the total number of other bets on that same outcome. So if .... a form of betting and of handling the betting on horse races at racetracks, in which those holding winning tickets divide the total amount bet in proportion ....
Wagering Against Bettors vs. Bookmaker – Parimutuel pools involve betting against other punters.
Fixed odds involve betting against the bookmaker. House Edge ....