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  2. Calcutta auction - Wikipedia

    en.wikipedia.org/wiki/Calcutta_auction

    The precise rules of a Calcutta can vary from place to place; many tournament organizers employ software programs that apply odds and determine win-place-show amounts. Perhaps the simplest and most common Calcutta payout is 70 percent of the pool to the "owner" of the winning tournament team, 30 percent to the "owner" of the second-place ...

  3. Royal Calcutta Turf Club - Wikipedia

    en.wikipedia.org/wiki/Royal_Calcutta_Turf_Club

    The Royal Calcutta Turf Club (RCTC) is a horse racing organisation which was founded in 1847 in Calcutta, British India (now Kolkata). Horse events and sports were initially organised for the British cavalry at Akra before they were moved to the Maidan. The RCTC became the foremost horse-racing organization in India during the British Raj. At ...

  4. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    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.

  5. 5 of the biggest sports betting scandals in US history - AOL

    www.aol.com/sports/5-biggest-sports-betting...

    As of May 2024, 38 states plus Washington D.C. have legalized sports betting. Consequently, as betting has become increasingly entrenched in American sports, more high-profile scandals involving ...

  6. Iowa State investigation into players' alleged sports betting ...

    www.aol.com/sports/iowa-state-investigation...

    Previous NCAA rules didn't address bet amounts; a player could lose a season of eligibility for making a small bet. Multiple Iowa State athletes are alleged to have violated NCAA sports betting rules.

  7. Column: The new Jordan Rules include sports betting

    www.aol.com/news/column-jordan-rules-sports...

    When the U.S. Supreme Court cleared the way for sports betting across the country just two years ago, there were predictions of sportsbooks on every street corner and millions of new bettors going ...

  8. List of match-fixing incidents - Wikipedia

    en.wikipedia.org/wiki/List_of_match-fixing_incidents

    Solo bet $100 against his team and proceed to intentionally throw the game and supposedly won $322 from it. As a result of being caught Solo received a lifetime ban from Starladder (later reduced to one year [ 131 ] and was later removed from the team [ 132 ] ), a three-year ban for the other players, and one-year ban for the organization.

  9. Iowa lawmakers halt attempt to tighten sports betting rules ...

    www.aol.com/iowa-lawmakers-halt-attempt-tighten...

    State Rep. Mike Sexton, R-Rockwell City, added during the March 11 hearing that sports betting companies would need to get lists from several providers if the rules passed.