Pari-Mutuel Wagering Explained: How Pool Betting Works in Racing
Pari-Mutuel Wagering Explained: How Pool Betting Works in Racing In horse racing, pari-mutuel wagering is a system where bettors place their bets into a pool, and the odds are determined by the total amount wagered on each outcome. This system allows for dynamic shifts in odds as more bets are placed, reflecting the collective sentiment …