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The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order.
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parimutuel and system
A modified parimutuel system is also used in some lottery games.
The certificates system led the way to parimutuel betting, as quarry and on-course gambling, in the United States during the 1930s.
There are 26 registered stadiums in Britain, and a parimutuel betting tote system with on-course and off-course betting available, with a turnover of £ 75, 100, 000.
* Pool betting or parimutuel betting, a betting system in which all bets of a particular type are placed together
The term " tote board " comes from the colloquialism for " totalizator " ( or " totalisator "), the name for the automated system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets.
* Tote, abbreviation for Tote board, the name for the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets
parimutuel and is
Like horse racing, it is popular to bet on the greyhound races as a form of parimutuel gambling.
Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple " win or lose " outcome, such as fixed-odds ( or money-line ) betting or parimutuel betting.
This is similar to parimutuel betting, in that the winnings are awarded from the total pool of bets, but differs in that only one player can bet on any one contestant.
There is no parimutuel betting in the UAE as gambling is illegal.
Where gambling is allowed, most tracks offer parimutuel betting where gamblers ' money is pooled and shared proportionally among the winners once a deduction is made from the pool.
Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks.
Trousdale County is one of two counties in Tennessee to have legalized parimutuel betting on horse racing, but no group has ever stepped forward to build a racetrack.
In the United States of America, jai alai enjoyed some popularity as a gambling alternative to horse racing, greyhound racing, and harness racing, and remains popular in Florida, where the game is used as a basis for parimutuel gambling at six frontons throughout the state: Dania Beach, Orlando, Miami, Reddick ( as " Ocala Poker and Jai Alai "), Fort Pierce, and Jasper ( as " Hamilton Jai Alai and Poker ").
Off-track betting was traditionally controlled by the various state government through organisation called " Totalisator Agency Boards " ( TAB ), which offered mainly parimutuel betting-that is, the odds were not fixed but involved " the house " taking a fixed cut and distributing the remainder amongst people who made a winning bet.
In horse racing terminology, a trifecta is a parimutuel bet in which the bettor must predict which horses will finish first, second, and third in exact order.
The 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.
The minimum age to purchase OLG lottery tickets is 18 ; however, for patronizing casinos and / or parimutuel facilities in the province, it is 19.
California is unique among the 44 Mega Millions participants in that all nine prize levels for Mega Millions within its borders are always parimutuel, rather than each non-jackpot prize having a set value.
Unlike the other Mega Millions members, California currently does not offer the Megaplier ( perhaps because of its parimutuel prizes ), which is drawn in Texas by a random number generator.
parimutuel and used
In the C Stock Class, the Yamato Motor Company engines used in kyōtei, parimutuel betting in Japan, are reconditioned, shipped to the United States and used for racing in these classes.
The name toto derives from totalisator machines which are used to process the parimutuel betting involved.
parimutuel and gambling
Simulcast betting almost always exist across state lines with no oversight except the companies involved through legalized parimutuel gambling.
In 1908, parimutuel betting machines were introduced as gambling began to be less controversial again, and the wagering portion of the track's business became more profitable.
parimutuel and on
Bettors holding 5, 617 winning parimutuel tickets on Secretariat never redeemed them, presumably keeping them as souvenirs ( and because they paid only $ 2. 20 on a $ 2 bet ).
All prizes were paid on a parimutuel basis.
In those days, bookmaking rather than parimutuel wagering was the primary method of taking bets on horse races.
According to David Miller of the Daily Racing Form, " Fields, along with his nephew Brooks Hauser, formed Minnesota Racetrack Inc. after a constitutional amendment allowing parimutuel wagering on horse racing was approved by Minnesota voters in 1982.
parimutuel and horse
States usually limit public poker cardrooms to casinos and parimutuel betting facilities ( e. g., horse tracks, greyhound tracks, off-track betting ( OTB ) facilities, and Jai Alai frontons ) or tribal reservations.
Willow Park was the location of Trinity Meadows Race Track, one of the first horse racing tracks opened once Texas legalized parimutuel betting.
He was opposed by a powerful political machine known as the Jockey Club, whose main interest was securing legislation to allow parimutuel betting at the state's horse racetracks.
parimutuel and racing
When parimutuel betting was introduced in 1908, the racing industry turned around.
* Kyōtei, parimutuel boat racing in Japan, referred to as " BOAT RACE "
parimutuel and which
In 1984, he risked his political career by taking a public stand against Missouri ballot issues, Amendments 5 and 7, which would legalize parimutuel betting and create a state lottery.
parimutuel and .
Wagering may take place through parimutuel pools, or bookmakers may take bets personally.
* Freehold Raceway, the oldest parimutuel harness race track in the United States.
The track had originally opened in 1932, when parimutuel betting was illegal in Indiana.
On October 18, 2008 at Santa Anita Park, Sandy Hawley and seven other U. S. Racing Hall of Fame jockeys came out of retirement for the Living Legends Race that officially counted in their career totals and was specially approved for legalized parimutuel wagering.
system and is
However, the system is designed, ingeniously and hopefully, so that no one man could initiate a thermonuclear war.
Presupposed in Plato's system is a doctrine of levels of insight, in which a certain kind of detached understanding is alone capable of penetrating to the most sublime wisdom.
Thus the cocktail party would appear to be the ideal system, but there is one weakness.
For the occasion on which everyone already knows everyone else and the host wishes them to meet one or a few honored newcomers, then the `` open house '' system is advantageous because the honored guests are fixed connective points and the drifting guests make and break connections at the door.
The connective system, or network, is tailored to meet the requirements of the objective, and it is therefore not surprising that a military body acting as a single coordinated unit has a different communication network than a factory, a college, or a rural village.
The problem is rather to find out what is actually happening, and this is especially difficult for the reason that `` we are busily being defended from a knowledge of the present, sometimes by the very agencies -- our educational system, our mass media, our statesmen -- on which we have had to rely most heavily for understanding of ourselves ''.
It is an organized system of these things.
This is necessary for a sounder collective defense system.
It is possible that international organization will ultimately supplant the multi-state system, but its proper function for the immediate future is to reform and supplement that system in order to render pluralism more compatible with an interdependent world.
Air Force life is great, the cadet wrote, `` though the fourth-class system is no fun ''.
An adequate system of VA hospitals is better equipped to care for the veterans than any 50 state hospitals.
The highway system is an agency of government, and when it grinds up 40,000 Americans every year the government is destroying its own taxpayers, which is obviously a silly thing for any government to do.
but the government is left with no reserve granary, under the agricultural system it has ordained.
It is the consequence of the system of ideas that constitutes the frame of our international -- and in some degree our domestic -- policy.
The system is composed of three credit services, Federal Land Banks and National Farm Loan Associations, Federal Intermediate ( short-term ) Credit Banks, and Banks for Cooperatives.
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