{"id":3986,"date":"2021-02-13T07:00:00","date_gmt":"2021-02-13T07:00:00","guid":{"rendered":"https:\/\/betvisa888.com\/?page_id=3986"},"modified":"2022-02-16T19:57:39","modified_gmt":"2022-02-16T19:57:39","slug":"parimutuel","status":"publish","type":"page","link":"https:\/\/betvisa888.com\/betting\/parimutuel\/","title":{"rendered":"Parimutuel Betting Guide"},"content":{"rendered":"\n
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Parimutuel betting<\/strong> has the potential to make the whole sports betting experience<\/a> more fun for the user. Pool betting<\/strong> differs from traditional bookmaker betting because instead of betting against a house, all the money collected from the race will be added to a pool<\/strong> (the totalizer<\/a>)<\/em> and dispersed amongst people who have placed a winning bet.<\/p>\n<\/div><\/div>\n\n\n\n

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What Is Parimutuel Betting<\/h2>\n\n\n\n

Parimutuel betting, also commonly referred to as pool betting and tote betting, is a type of wager where all the money collected is placed into a pool. After the house's take has been removed from the total amount, the money collected will be redistributed equally between the winning tickets.<\/p>\n\n\n\n

There are various types of parimutuel bets<\/strong> which range in levels of complexity. For example, it is possible to bet on which horses will finish first and second in a race as well as bet on which horses will finish in the top 5. The more precise your bet is the more money you are likely to rake in.<\/p>\n<\/div><\/div>\n\n\n\n

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How Does Pari Mutuel Work<\/h2>\n\n\n\n

Instead of betting money against a traditional bookmaker, with pari-mutuel betting<\/strong>, money staked will go into a pool. After all the money has been collected the house will then take their percentage of the Pool or Tote. (this varies but it's usually 10 - 20%).<\/p>\n\n\n\n

The remaining money will be added up and dispersed equally to the amount of winning tickets or in relation to the money staked. The fewer people that have bet on the same horse as you the more money you will make.<\/p>\n\n\n\n

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