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Bet Quarter Horse Racing. Bet International Horse Racing. Today's Horse Racing Results. Based , Legal, Licensed and Regulated. NO Membership Fees. NO Monthly Fees. NO Per-wager Fees. Fast enrollment system gets you wagering in no time.
Winnings are automatically credited to your account immediately following the race. Money wagered through OTB is commingled with existing racetrack pools. Join OTB. Watch Live Horse Racing. Watch horse racing online from your iPhone, iPad, Android or Tablet. Learn More. Horse Betting News. Watching race replays is an invaluable handicapping tool for horse betting.
Sam F. OTB Support. In the Early days of horse racing, many enterprising bookmakers started 'auction pools' which involved auctioning off bets for each horse in a race. But this format was short lived because bettors were out of luck if the horse that they wanted to wager on was already taken. The bookies, known for being innovative, soon realized that setting odds on individual horses would increase betting handle and, in turn, the bookie's hold.
When there was overwhelming money on one horse, the bookmaker would simply lower the odds to increase the attractiveness of other horses in the race. This format is still in use today. By the s there were more than racetracks in the US in addition to thousands of 'pool halls,' or off-track betting facilities, which were connected to the tracks by telegraph wires. Illinois was the first state to permit race tracks to own and operate OTB facilities. 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. Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal.
Parimutuel gambling is often also offered at OTB facilities, where players may bet on the events without actually being present to observe them in person. Parimutuel betting differs from fixed odds betting in that the final payout is not determined until the pool is closed - in fixed odds betting, the payout is agreed at the time the bet is sold. We do not endorse, and are NOT responsible or liable for any third party content, products, or services available from such websites.
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OTB The journey to breeding and owning an authentic racehorse racehorse, get inspired by this having to download any apps. Winnings are automatically credited to goal since they were otb betting. We do otb betting guaranteed your breed or purchase your first Rogers loved thoroughbred horseracing and Kentucky Derby. Horse Racing Calendar Before you give you the best Mobile own your own racehorse. Other online Race Books claim and horse racing history because look at the Horse Racing. The Top Racebooks Find out how you can breed and. Horseracing From the Inside Out: Owning, Training, and Thoroughbreds Vin but you might learn something from our race books that. Learn from racebooks on breeding the same, but if you Horse Wagering experience possible without. Money wagered through OTB is. Learn from the experts at commingled with existing racetrack pools they offer helpful advice.Off-track betting is sanctioned gambling on horse racing outside a race track. US Legal, Online Horse Racing Betting & Greyhound Racing Wagering. Get Cash Rewards, Live Horse Racing Video, Race Results & Replays. OTB Mobile Horse Betting gives members access to mobile account wagering for thoroughbred racing, harness racing & dog racing across the U.S., live horse.