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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.
Looking at the tournament in its simplest form, a two player tournament, where there is a prize for the winner and a smaller consolation for the loser. The incentive to win increases as the difference between the losing and winning prize increases, and therefore the investment of the worker is increased as the difference between the winning and ...
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Nisus shows himself willing to sacrifice his own honor in order to help Euryalus, but the gesture demonstrates not only his loyalty but a willingness to cheat. Salius objects to the foul, and is given a consolation prize. Nisus receives compensation for his bad luck, and Euryalus gets the winner's prize.
Non-winners receive consolation prizes instead of their winnings in the game. Since May 16, 2002, consolation prizes have been awarded in cash—$2,000 for second-place contestants and $1,000 for third-place contestants. [31] Since travel and lodging are generally not provided for contestants, cash consolation prizes offset these costs.
Consolation is an important topic arising in history, the arts, philosophy, and psychology. In the field of medicine, consolation has been broadly described as follows: Before and after fundamental medicine offers diagnoses, drugs, and surgery to those who suffer, it should offer consolation. Consolation is a gift.
For most of its history, the Little League World Series has featured either a consolation bracket, or consolation games. Currently, the tournament features a single consolation game between the United States runner-up and the International runner-up. Like the championship, the game allows an American team to compete against an International team.
The Book of Divine Consolation (German: Buch der göttlichen Tröstung) is a book by the German scholar and mystic Meister Eckhart (Eckhart von Hochheim), that dates back to somewhere between 1305 and 1326.