Pari-mutuel betting

Pari-mutuel betting, often referred to as pool betting, is a popular form of wagering wherein all bets are placed together into a pool. The odds are not fixed at the time of the bet but are determined based on the share of the total pool each wager represents. This system is commonly used in horse racing, greyhound racing, and various sports. Unlike traditional betting, where the bookmaker sets the odds, in pari-mutuel betting the final payout is calculated by dividing the pool among all winning bets after a house take is deducted. This allows for potentially higher returns and adds an exciting unpredictability to the betting experience. Explore the world of pari-mutuel betting and enjoy the thrill of group-based wagering!