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A £10 each-way single on a 10-1 selection in a horse race and paying 1 ⁄ 4 the odds a place 1, 2, or 3 would cost £20. Returns on the win part of the bet would be £10 × (10/1 × 1) + stake = £110 (£100 winnings + £10 stake) Returns on the place part of the bet would be £10 × (10/4 × 1) + stake = £35 (£25 winnings + £10 stake)
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.
A bet to win, sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first ...
See also Notes External links 0-9 750s: Binoculars with magnification of 7x50 mm. 10-50s: Binoculars with magnification of 10x50 mm. A Acceptor: A horse confirmed by the owner or trainer to be a runner in a race. Aged: A horse seven years old or older. All up: A type of bet where the winnings of one race is carried over to the next race and so forth. Any2: see Duet. Apprentice: A young jockey ...
The minimum stake for this bet is £2. One selects a horse from the field. This can be on any horse at any race meeting. The betting slip can be denoted with the horse's race card number, or the horses name (and if at another course, the name of the course), or it can be marked as the 'favourite', where the horse is not nominated but the bet is placed on whichever horse is favourite (has the ...
A daily double is a parimutuel wager offered by horse racing and greyhound racing tracks in North America. Bettors wager on the winners of two consecutive races, [1] pre-designated by the track for a particular race day. The wager is made before either of the two races is run, and is only successful if both of the selections are correct.
In making a bet where the expected value is positive, one is said to be getting "the best of it". For example, if one were to bet $1 at 10 to 1 odds (one could win $10) on the outcome of a coin flip, one would be getting "the best of it" and should always make the bet (assuming a rational and risk-neutral attitude with linear utility curves and have no preferences implying loss aversion or the ...
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.