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Place a bet on your favorite horse now. Parimutuel betting French for mutual betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
The parimutuel system was invented by Parisian perfume maker Pierre Oller in when asked by a bookmaker friend to devise a fair system for bettors which guarantees a fixed profit for the bookmaker. The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, "automatic totalisator" or "tote board".
Since then totalisators came into widespread use at race courses throughout the world. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. Everything is bigger in Texas including their Off Track Betting!
The Lone Star State has several major racetracks as well as some smaller tracks that offer year-round wagering on horse racing action from around the country. The state has been slow to keep up with some of the more progressive states but is rapidly embracing both Off Track Betting and online racebooks. Horse racing fans have a lot of different options for how they choose to enjoy the Sport of Kings. Some prefer to visit a racetrack or Off Track Betting location and get in on the action in person while others prefer the convenience of an online racebook that keeps up with their on-the-go lifestyle.
Both come with distinct perks and it boils down to a matter of personal preference. The best part of an online racebook is that many of them offer valuable rebates, sign-up bonuses and promotions that you cannot find at a brick and mortar OTB location. These rebates are designed to reward customer loyalty and offer incentives to keep their players. Another top selling point of an online racebook is the convenience — horseplayers can get in on the action from the comfort of home through the ease of a mobile device, computer or the phone.
Since the dawn of online racebooks, racing fans now do not have to let their busy lifestyle get in the way of cashing in on horse racing action. Off Track Betting bureaus, however, offer a social component that online gaming will never be able to match entirely.
Nothing quite beats the excitement of cheering for your horse in a crowded room only to have him pull away to a thrilling victory. Many OTB locations have also in recent years upgraded both their atmosphere and dining service and have turned into desirable locations with quality food and beverages as well as a place with fun atmosphere to enjoy a day out with friends.
Some Off Track Betting locations also offer promotions to further your social experience including live handicapping tournaments with big prizes as well as seminars with top handicappers and horse racing personalities. In an effort to compete with online racebooks which, again, offer unmatched rebates and promotions, some OTB locations are also developing their own loyalty programs.
When industries compete for your dollar it is YOU, the customer, who wins! There are major graded stakes races practically every weekend from across the country that horse racing fans can watch and wager on but there are several events that simply cannot be missed. Starting in January when all horses officially turn a year older, all sights get set upon the Triple Crown.
The Kentucky Derby is held on the first Saturday in May every year for three-year-olds and it is one of the biggest sporting events on the calendar. Do not think horse racing falls to the wayside after the Triple Crown! The two summer destinations, Del Mar in California and Saratoga in New York, kick off in July and run through Labor Day featuring the best of the best horses, jockeys and trainers in the country.
Read Review. GT Bets. Sports Interaction. Spin Palace Sports. Off Track Betting Arizona Arizona has Off Track Betting locations conveniently situated throughout the state and there are plenty of options for horse racing fans to enjoy a fun-filled day betting on the ponies. Off track betting California There are so many options for horse racing enthusiasts in California that there is something for everyone regardless of where you live in the Golden State.
Off track betting Colorado Colorado may be known primarily for the amazing skiing but there is plenty to do off of the slopes as well such as visit one of the great OTB bureaus located conveniently throughout the state. Off track betting Delaware Delaware may be one of the smallest states in the country but do not let the size fool you — they pack a big punch with three locations throughout the state where you can watch and wager on horse racing excitement.
Off track betting Florida Florida is home to palm trees, great weather and well over a dozen different locations where horse racing fans can play the ponies. Off Track Betting Kentucky Kentucky is practically synonymous with horse racing and there is always a way to get in on the excitement. Off track betting Maryland Maryland is known for many things including the second jewel of the Triple Crown, the Preakness Stakes, as well as their famous crab cakes. Off Track Betting Massachusetts The horse racing landscape in Massachusetts is one that is currently evolving.
Off track betting New Jersey New Jersey has always been one of the most progressive states in regards to gambling and Off Track Betting is no exception. Off track betting Ohio While the Off Track Betting opportunities in Ohio may not be as plentiful as in some states, there are some options for horse racing punters.
Off Track Betting Pennsylvania Pennsylvania has one of the most thriving horse racing betting industries in the country. Related content for you.
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