Security pari mutuel betting calculator

A bettor can access, interface with and place bets on system by use of conventional wireless and landline communications devices, such as wireless phones 80, two-way pagers 90, personal digital assistants PDAs , internet-accessible computers , voice-over-IP VoIP phones , and conventional landline telephones System may further include human interfaces, such as a casino sportsbook operator and a wagering system operator , which the bettor can use to interface with the wagering system The casino sportsbook operator will usually interface with the wagering game system via an internet-accessible computer The wagering system operator may interface with the wagering game system via an internet-accessible computer Wireless communications network 70 provides a means or channel by which communications between the wireless devices and the wagering game system is established and a means or channel by which the wireless communications devices interface with the wagering game system System further includes a conventional gateway 50, which acts as a communications and security interface for the host The components of the wagering game system can be categorized into three basic elements: A input elements, B linking elements, and C processing elements.

These elements will be discussed in more detail below. Input Elements The input elements include various communication devices used by bettors to interact with wagering system , such as wireless phones 80 e. The bettor can interface indirectly via personal interaction with a casino sportsbook operator The casino sportsbook operator will interface directly with the wagering game system via one of the direct methods, usually via an internet-accessible computer Hence, computer may also be classified as an input element.

The bettor can interface indirectly via interaction with a wagering system operator The wagering system operator may be a casino sportsbook operator that interfaces with customers that communicate with the wagering game system via a voice network device such as a wireless phone, VoIP phone or landline telephone. This approach is a hybrid approach since the bettor uses electronic communications devices to verbally communicate with a live operator in order to interface with the wagering game system, with the wagering system operator interfacing with the wagering game system via one of the direct methods, usually via an internet-accessible computer In this manner, computer also acts as an input element.

Linking Elements In the preferred embodiment of the present invention, system includes several linking elements including wireless network 70, gateway 50, and portal The linking elements may further include conventional wired networking elements, the internet, and other conventional communications conduits and elements. The linking elements are communicatively coupled to the input elements and the processing elements, and allow for communication between the input and processing elements, thereby allowing bettors to place wagers from the input elements onto the processing elements.

The wireless communications network 70 may comprise a number of base stations, base station controllers, mobile switches and gateways, and provides for communications between the wireless devices and the wagering game system established and the means or channel by which the wireless communications devices interface with the wagering game system. The gateway 50 may comprise a conventional gateway device that acts as a communications interface and firewall.

The IVR processor provides interface functionality to the processing elements for bettors using voice devices such as a wireless phone 80, VoIP phone or landline phone The IVR processor allows the bettor to interact with the wagering game by pressing numbers on a telephone keypad, which will allow the bettor to navigate the various menus and processes, place wagers, and perform other suitable interactions.

The IVR processor allows direct interaction with the game from bettors using a wireless phone 80, voice-over-IP VoIP phone , or landline telephone The voice portal provides interface functionality to the processing elements for bettors using certain internet-capable devices such as two-way pagers 90 or wireless PDAs The voice portal allows the bettor to interact with the wagering game by speaking directly into the telephone.

The voice portal has the ability e. Typical actions include such tasks as navigating selection menus, placing bets, entering passwords, and the like. The voice portal may also have the ability to recognize a particular bettor, through his or her speech, adding an additional layer of security. Processing Elements The wagering system host 10 is the core processing element in the wagering game system, handling wagering gaming and bettor accounting functions.

The wagering system host handles the processing functions associated with bettors' wagering accounts. Such functions may include game accounting, wager accounting, odds determination, winning wager determination, payout determination, system security, access permission and performance statistics accounting. The wagering system host 10 may be a single server, device, or a combination of devices that collectively perform the functions described. The wagering system host's processing ability can be scaled in order to meet bettor demand with respect to the described functions.

In addition, the wagering system host's processing ability can be scaled in order to meet bettor demand with respect to a particular game or demand with respect to new games. The account database 30 is a database and storage element for the wagering game system. The account database 30 stores information regarding individual bettor accounts. The information stored includes financial transaction history, wager history, payout history, financial withholding information, financial reporting information and current wagers.

The performance statistics database 40 is a database and storage element for the wagering game system. The performance statistics database 40 stores information regarding the statistical performance of sport or event participants that are related to current and past games. The information stored would include all statistics that are pertinent to current and past games that are involved in the processing of ranking participants in order to determine wagers eligible for payout.

Historical performance statistics covering periods of time before offering particular wagering games may be stored in order to provide additional information so bettors can make more informed decisions, enhancing the ability of bettors to employ knowledge and skill. Interfacing with Wagering System In operation, a bettor can interact with the wagering system by interfacing either directly or indirectly with the wagering system host Having several independent interface methods and conduits allows bettors more convenience and availability, greater control of the gaming experience and greater enjoyment.

The bettor can interface indirectly with the system through personal interaction with a casino sportsbook operator The casino sportsbook operator may in turn interface directly with the wagering game system by way of one of the direct methods, usually through an internet-accessible computer In such case, the casino sportsbook operator will perform the wagering processing function as an intermediary between the bettor and the system The bettor may also interface indirectly through interaction with a wagering system operator The wagering system operator is a casino sportsbook operator that interfaces with customers that communicate with the wagering game system via a voice network device such as a wireless phone, VoIP phone or landline telephone.

This approach is a hybrid approach since the bettor uses electronic communications devices to verbally communicate with a live operator in order to interface with the wagering game system, with the wagering system operator interfacing with the wagering game system by a direct method, usually via an internet-accessible computer The wagering system operator will interface with the wagering game system as an intermediary between the bettor and the system.

Typical Wagers that can be placed through System In the preferred embodiment, system is adapted to allow bettors to wager on human sporting events. Examples of such human sporting events and wagers that may be established for such events are set forth below in Section III. Wagers according to the present invention may typically fall into two broad categories. For a particular wagering game, a bettor can make the various wagers with regard to participants' e.

Various examples of the types of statistics and games that may be implemented through system are set forth in Section III below. Based upon the participants' performance, the participants may be ranked by system relative to other participants. Caesars Sportsbook took a 0, bet to win 0, on the Rams over the Bengals on the money line within minutes of the line going up for Super Bowl LVI. When the fun stops-stop! This is a real money gambling app. Jan 7 We are best source of free football betting tips and football predictions and betting statistics, football results, football statistics and trends.

Total Betting. Best Football Prediction Site, Tips analysis data from thousands of teams to give you the best football betting tips. Bet against the public - Contrarian Soccer Betting Tips. Incase you bet 0 on the Giants to win at , you will get a 6 payout. The funniest, most savage insults on the internet. PL Puck Line. A bookmaker's surebet. X is a draw. A person is guilty of impairing the integrity of a pari-mutuel betting system in the second degree when, with the intent to obtain either any payment for himself or for a third person or with the intent to defraud any person he: 1.

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If you want to recived it on email kindly please make payment and write us email. Note: This article has been updated to provide the latest numbers. In the event that there are no 's in the match, bets will be made void.

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Keyword is one word without empty spaces. The combined odds are correct at time of publishing but may vary from those shown here. Daily Free Betting Tips. There is also an event betting platform with P2P odds generation. Teasers get more difficult to win the more you move the line.

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This means you can bet on either team by betting to win or betting to win We are charge with the duty of providing accurate football predictions for today's tips, including top soccer predictions, and over 3. As with all betting, these predicted outcomes are never cast-iron guarantees of winning money. Serum levels of total lipid peroxides, ni …Develop your betting strategy and prevent losses, even if you are betting for the first time.

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Proudly powered by WeeblyMoreover, the practice of betting on soccer has grown exceptionally in popularity and it is gaining an edge over other sports bets. Bole Addis Ababa. The opposite side of this is that betting with the public has a poor track record. Implied Probability Odds correlate to probability e.

In evenly matched games or contests you might see a money line with both teams at - or - Betting into a market is difficult enough as is but some sportsbooks skew the odds even more in their favor. Sign-up today for a massive bonus. Bet , Win. EaglePredict is the best football prediction site in the world with over The bonus code BAS can be used during registration but does not change the offer amount in any way. Macao is underrated by bookmakers. Human nature being what it is, we are born to follow the herd.

Examples: Below is an example of NFL betting odds taken from an online betting site. You know that feeling. We have a team of 8 people. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors.

Total Tips: 5. Decimal Odds. BetUS is a fully licensed sportsbook providing a reliable and secure sports betting service to millions of satisfied online betting customers world wide since This means that if you want to win 0 you are risking 0.

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If you wager on win, then the horse must win in order for you to realize a payout. A show outcome allows you to collect money on the horse if it ends up in first, second or third-place. The point of Pari Mutuel wagering is to offer an honest payout on each bet. If the favored participant wins, the payout is less, while a long shot, which would have fewer bettors would pay a lot more per wager.

Odds can drop to 1 or even 1, depending on how many people think the least favored horse will win. As money is pooled and more bets are placed odds continue to fluctuate. Prior to any money being wagered, estimated odds are displayed on the tote board. If you do wait until the final minute or so to wager, make sure that you are physically in position to do so.

Once the race starts, no bets are taken. In order to not be shut out from placing your wager, bettors need to be right at the betting window. Betting across the board is not always a good wager. A first-place finish will pay much more than if your bet ends up in the second or third spot.

The show spot is usually a break-even bet. The same amount of money is spent, but each first-place bet usually has more profit potential than a place or show wager. As soon as you start wagering on exotics, such as the Daily Double, Exacta or Trifecta, you undercut your chances of winning. In comparison, the payouts on fixed-odds wagers remain fixed in place after bettors submit their bets. How do pari-mutuel wagering odds work?

Racetracks post pari-mutuel wagering odds as fractions that represent the ratio of the amount the bettor stands to win versus how much they must risk. Bettors can read more about horse racing odds here: Horse Racing Odds Explained How much commission do tracks keep from pari-mutuel wagering pools? The track take-out varies by track, type of wager, and location of the originating bet. Typically, straight bets involve less take-out than exotics.

Where is pari-mutuel wagering legal? Pari-mutuel wagering is legal in most states. The only states that prohibit all forms of pari-mutuel wagering are Alaska, Georgia, Hawaii, North Carolina sportsbooks may offer horse racing betting but none offer it now , South Carolina, and Utah.

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As money is pooled and more bets are placed odds continue to fluctuate. Prior to any money being wagered, estimated odds are displayed on the tote board. If you do wait until the final minute or so to wager, make sure that you are physically in position to do so.

Once the race starts, no bets are taken. In order to not be shut out from placing your wager, bettors need to be right at the betting window. Betting across the board is not always a good wager. A first-place finish will pay much more than if your bet ends up in the second or third spot. The show spot is usually a break-even bet. The same amount of money is spent, but each first-place bet usually has more profit potential than a place or show wager.

As soon as you start wagering on exotics, such as the Daily Double, Exacta or Trifecta, you undercut your chances of winning. The fact is that these wagers are all akin to parlays and parlays, which involve wagering on numerous sequential outcomes, are extremely difficult to hit. If you do decide to wager on more than one horse per race, be sure to calculate each possible outcome.

The other two will result in a profit. Pari Mutuel wagering offers additional excitement for the bettor due to the fact that the odds constantly change. More sports handicapping articles :. Popular horses that attract many wagers offer lower payouts because there are more winning tickets to pay. Similarly, unpopular horses offer higher payouts because there are fewer winning tickets to pay. Pari-mutuel wagering odds are determined entirely by the public as explained in the answer to the above question.

In contrast, fixed-odds wagers are determined by an oddsmaker. As a result, pari-mutuel wagers fluctuate until post-time, even after bettors place their wagers. In comparison, the payouts on fixed-odds wagers remain fixed in place after bettors submit their bets.

How do pari-mutuel wagering odds work? Racetracks post pari-mutuel wagering odds as fractions that represent the ratio of the amount the bettor stands to win versus how much they must risk. Bettors can read more about horse racing odds here: Horse Racing Odds Explained How much commission do tracks keep from pari-mutuel wagering pools? The track take-out varies by track, type of wager, and location of the originating bet.