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A pick 6 is a type of wager offered by horse racing tracks. It requires bettors to select the winners of six consecutive races. Because of the great difficulty in picking six straight winners, plus the number of betting interests involved, payoffs for successful wagers are quite high, sometimes in the millions of dollars.
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets.
Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in 1884. In 2009, Hong Kong generated an average US$ 12.7 million in gambling turnover per race 6 times larger than its closest rival France at US$2 million while the United ...
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When computer technology took over, more exotic wagers were introduced, such as the trifecta, superfecta and "pick 6". The higher payouts for these wagers tended to diminish interest in the daily double, but it is still offered, sometimes more than once during a program. "Pick 3" and "pick 4" wagers are derived from the daily double.
Pick 6 may refer to: Pick 6 (horse racing), a wager in which a bettor picks one horse in each of six races; Pick 6 (lottery), a game in which six numbers are picked; Pick-six, an interception returned for a touchdown in gridiron football "Pick Six", a ranking system used by Ring of Honor to determine championship contenders
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