What is pari-mutuel wagering?
Originated by a Frenchman, Pierre Oller, the word means "among ourselves." The track has no interest in which horses win or lose, but acts only as an agent. It only holds the money wagered until the finish of the race and pays the winning ticket holders the proper amount called for by the amount of tickets.
How are odds determined?
Odds are an indication of the popularity of a given horse in comparison with others in the race. Odds are figured by dividing the amount wagered on a given horse into the total amount wagered, less the amount deducted by the track and state law.
Types of Wagers
Win - You collect win money if you bet the horse that finishes first
Place - You collect place money if you bet the horse that finishes first or second
Show - You collect show money if you bet the horse that finishes first, second, or third
Daily Double - Select the winners of two consecutive races
Exacta - Select the first two finishers of a race in exact order
Trifecta - Select the first three finishers of a race in exact order
Superfecta - Select the first four finishers of a race in exact order
How to Place a Bet
To place a wager, go to one of the mutuel (betting) windows located throughout the track. State the following...
- Track you wish to wager
- Race number
- Amount of bet
- Program number of horse
For example: Bangor Raceway, Race #1, $2 Win on #3
For more information...
USTA's Harness Racing 101
Bangor Raceway Statistics