Parimutuel betting
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The parimutuel betting is the principle that all the issues wagered by the bettors is shared in a common ground and then redistributed to the winners in proportion to their stakes after deducting a proportional levy to finance: the remuneration … Read More

Totalisator
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A totalisator or totalizator (tote board in common parlance) is the name for the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. The first totalisator was an entirely mechanical system … Read More

Parimutuel betting
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(from the French language: pari mutuel, 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 … Read More