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In some situations, a negative breakage may occur—for example, in horse racing when an overwhelming favorite wins (or shows or places). [3] The parimutuel calculation results might call for a very small winning payout (say, $1.02 or $1.03 on a dollar bet), but legal regulations might require a larger payout (e.g., minimum $1.10 on a dollar ...
Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in 1884. In 2009, Hong Kong generated an average US$ 12.7 million in gambling turnover per race 6 times larger than its closest rival France at US$2 million while the United ...
To qualify for this offer, you need to wager between £5 and £30 on an accumulator with combined odds of at least 2/1 and featuring three or more selections on either football or horse racing.
An example of 1950 racing results from Washington Park Race Track highlighting the payout for successful daily double wagers. A daily double is a parimutuel wager offered by horse racing and greyhound racing tracks in North America.
In horse racing and greyhound racing, the starting price (SP) is the odds prevailing on a particular entry in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of ...
Behind the betting windows at Ascot racetrack, Australia February 1939 An automatic totalisator is a device to add up the bets in a pari-mutuel betting system. The whole of the pot (the stakes on all competitors) is divided pro rata to the stakes placed on the winning competitor, and those tickets are paid out.
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.
The odds paid on the place part of the bet are usually a fraction (commonly 1 ⁄ 2, 1 ⁄ 3, 1 ⁄ 4 or 1 ⁄ 5) of the win odds. The trade-off being that one has a greater chance of making one's bet in trade for getting less payoff for doing so. Examples are domestic football knockout competitions (e.g. FA Cup) where the quoted place terms ...
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