Place your bets
What is pari-mutuel wagering?
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 are 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.