Sports Betting

Archive for the ‘Parimutuel betting’ Category

• Totalisator

  Thursday, February 12th, 2009

  A totalisator or totalizator (tote board in common parlance) is the name for the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets.The first totalisator was an entirely mechanical system invented by the Australian George Julius of Julius Poole & Gibson Pty [...]

• Superfecta

  Sunday, February 8th, 2009

  HTML clipboardThe superfecta is a type of wager in parimutuel betting in which the bettor, in order to win, must pick the first four finishers of a race in the correct sequence. This is even more unlikely than a successful wager in the trifecta, which requires correctly picking the first three finishers [...]

• Jai-Alai geographic distribution

  Wednesday, February 4th, 2009

  In countries such as France, Spain and Mexico the game of jai-alai is popular; in some regions, the game is played in almost every town and city.
  In the United States, jai-alai enjoyed some popularity as a gambling alternative to horse racing and remains popular in Florida, where the game is used as [...]

• Jai-Alai rules and play

  Thursday, January 29th, 2009

  The court (or fronton) for Jai Alai consists of 3 walls (front, back, and left), and the floor between them in play. If the ball touches the floor outside these walls, it is considered out of bounds. Similarly, there is also a border going about 3ft inside the front wall that is [...]

• Jai alai

  Saturday, January 24th, 2009

  Jai-Alai (pronounced hi-lie in English and hi-ah-lie in Basque) means “Merry Festival” in the Basque language. The term is used to denote a fronton (or open-walled arena) used to play a variety of Pelota called Cesta Punta, and, more broadly, to the game itself. The game is characterized by the fast [...]

• Parimutuel bet types

  Sunday, January 18th, 2009

  There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows:
  In North America

  Win – A first place finisher wins the bet.
  Place – Either a first or a second place finisher [...]

• Parimutuel betting

  Thursday, October 30th, 2008

  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.The parimutuel system is [...]