Off-Track Betting Locations. Times Subject to Change without Notice. TELLERS ARE ON WINDOW @ NOON. OTB at Greenmount Station. #4 Hampstead, MD 21074. Maryland Off Track Betting Bureaus Horse racing has been a mainstay in the world of sports wagering since the beginning of time. Horse racing tracks around the globe have been the site of many memorable races but the sport has taken it on the chin in recent years. Maryland Off Track Betting Bureaus Horse racing has been a mainstay in the world of sports wagering since the beginning of time. Horse racing tracks around the globe have been the site.
Auburn - Muckleshoot Casino (800) 804-4944 ext: 2904 2402 Auburn Way South Auburn, Washington 98002 Bremerton - A & C Tavern (360) 377-3248 3249 Perry Avenue NE Bremerton, Washington 98310 Centralia - Bub's Pub (360) 736-8024 1326 Harrison Ave Centralia, Washington 98531 Everett - The Club Broadway (425) 252-4632 1611 Everett Ave Everett, Washington 98201 Kennewick - Sports Page (509) 586-3497 6 South Cascade Kennewick, Washington 99336 Kirkland - Casino Caribbean (425) 814-8672 12526 NE 144th St Kirkland, Washington 98034 | Olympia - Hawks Prairie Casino (360) 528-8888 8318 Quinault Drive NE Lacey, Washington 98516 Sequim - 7 Cedars Resort and Casino (360) 683-7777 270756 Hwy 101 Sequim, Washington 98382 Shoreline - Club Hollywood Casino (206) 533-8194 16716 Aurora Ave N Shoreline, Washington 98133 Spokane - Northern Quest Casino (509) 242-7000 100 North Hayford Road Airway Heights, Washington 99001 Vancouver - Silver Star Saloon (360) 694-5742 6718 NE Forth Plain Blvd Vancouver, Washington 98661 Yakima - Casino Caribbean (509) 452-0275 1901 Boggess Lane Yakima, Washington 98901 |
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Parimutuel betting (French for 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 the pool among all placed bets.
The parimutuel system was invented by Parisian perfume maker Pierre Oller in 1865 when asked by a bookmaker friend to devise a fair system for bettors which guarantees a fixed profit for the bookmaker.
The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, 'automatic totalisator' or 'tote board'.
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The first was installed at Ellerslie Racecouse in Auckland, New Zealand on 1913. Since then totalisators came into widespread use at race courses throughout the world. The first totalisator in the US as installed at Arlington Park, near Chicago, Illinois in 1933.
The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order.
A modified parimutuel system is also used in some lottery games such as Lotto South.
Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at OTB facilities, where players may bet on the events without actually being present to observe them in person.
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Parimutuel betting differs from fixed odds betting in that the final payout is not determined until the pool is closed - in fixed odds betting, the payout is agreed at the time the bet is sold.