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Parimutuel Wagering
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. In short, the word ''parimutuel'' implies tiered winnings/earnings. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other 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. Definition 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. Parimutuel gambling is frequently state-regulated, and offered in many places where gambl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vigorish
Vigorish (also known as ''juice'', ''under-juice'', the ''cut'', the ''take'', the ''margin'', the ''house edge'' or simply the ''vig'') is the fee charged by a bookmaker (or ''bookie'') for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit. The term came to English usage via Yiddish slang ( yi, וויגריש, translit=vigrish, translit-std=ISO, italic=unset), which was itself a loanword from Ukrainian ( uk, ви́граш, translit=výhraš, translit-std=ISO, lit= winnings, profit, italic=unset) or Russian (russian: вы́игрыш, translit=výigryš, translit-std=ISO, lit=gain, winnings, italic=unset). As a business practice it is an example of risk management; by doing so bookmakers can guarantee turning a profit regardless of the underlying event's outcome. As a rule, bookmakers do not want to have a financial interest creating a preference for one result over another in any given sporting ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria metropolitan area, Illinois, Peoria and Rockford metropolitan area, Illinois, Rockford, as well Springfield, Illinois, Springfield, its capital. Of the fifty U.S. states, Illinois has the List of U.S. states and territories by GDP, fifth-largest gross domestic product (GDP), the List of U.S. states and territories by population, sixth-largest population, and the List of U.S. states and territories by area, 25th-largest land area. Illinois has a highly diverse Economy of Illinois, economy, with the global city of Chicago in the northeast, major industrial and agricultural productivity, agricultural hubs in the north and center, and natural resources such as coal, timber, and petroleum in the south. Owing to its centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Motor Speedway
The Chicago Motor Speedway at Sportsman's Park was a motorsports race track, located in Cicero, Illinois, just outside Chicago. It was built in 1999 by a group including Chip Ganassi, owner of Chip Ganassi Racing. In 2002 the oval shaped track suspended operations due to financial conditions in the motorsports industry. The track was also the site of horse races, for which the track was called "Sportsman's Park". The track was one of two racetracks that hosted both NASCAR auto races and horse races (the other is Dover International Speedway). History Before 1999, Sportsman's Park was one of the premier locations for horse racing in the area. Hawthorne Race Course, located right across the street to the south from the track, is the current host of the Illinois Derby. The two tracks operated together for decades. In 1999, after the final season of the old Sportsman's Park, the main grandstand and infield were completely demolished to make way for the massive grandstand that was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arlington Park
Arlington International Racecourse (formerly Arlington Park, the name was Arlington Park Jockey Club from as soon as 1948 up to 1955) was a horse race track in the Chicago suburb of Arlington Heights, Illinois. Horse racing in the Chicago region had been a popular sport since the early days of the city in the 1830s, and at one time Chicago had more horse racing tracks (six) than any other major metropolitan area. Arlington International was the site of the first thoroughbred race with a million-dollar purse in 1981. It was located near the Illinois Route 53 expressway. It was serviced by the Chicago and Northwestern Railroad. The premier event at Arlington Park was the International Festival of Racing, held in early August, which featured three Grade 1 races on turf: the Arlington Million Stakes, Beverly D. Stakes and Secretariat Stakes. Owner Churchill Downs Inc. announced plans in February 2021 to sell all 326 acres of Arlington Park property for redevelopment. On Septemb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auckland
Auckland (pronounced ) ( mi, Tāmaki Makaurau) is a large metropolitan city in the North Island of New Zealand. The List of New Zealand urban areas by population, most populous urban area in the country and the List of cities in Oceania by population, fifth largest city in Oceania, Auckland has an urban population of about It is located in the greater Auckland Region—the area governed by Auckland Council—which includes outlying rural areas and the islands of the Hauraki Gulf, and which has a total population of . While European New Zealanders, Europeans continue to make up the plurality of Auckland's population, the city became multicultural and Cosmopolitanism, cosmopolitan in the late-20th century, with Asian New Zealanders, Asians accounting for 31% of the city's population in 2018. Auckland has the fourth largest Foreign born, foreign-born population in the world, with 39% of its residents born overseas. With its large population of Pasifika New Zealanders, the city is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ellerslie Racecourse
Ellerslie Racecourse is the main racecourse in Auckland, New Zealand, for thoroughbred racehorses. It is an undulating, grass circuit in the suburb of Ellerslie, with a circumference of just under 1,900 metres. Racing is conducted in a clockwise (right-handed) direction. History Horses have raced at Ellerslie since 1857 when Robert Graham hosted a race meeting on his property, on the site which is now Ellerslie Racecourse. The Auckland Racing club then purchased thirty-six hectares of land from Graham in 1872 on which the course is situated. The first race meeting of the Auckland Racing Club was held at Ellerslie on 25 May 1874. At this time the racecourse was a considerable distance outside the city and it took Aucklanders up to several hours to get to the course by carriage. A "platform" station, Ellerslie Racecourse Platform was opened in January 1874. Many went by train, although with the demand created by the event, as late as in 1910 they often had to travel in open ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Alfred Julius
Sir George Alfred Julius (29 April 187328 June 1946) was an English-born Australian inventor and entrepreneur. He was the founder of Julius Poole & Gibson Pty Ltd and Automatic Totalisators Ltd, and invented the world's first automatic totalisator. Early years George Alfred Julius was born in a small house in Bethel Street, Norwich, England, (demolished in the 1930s to make way for the new City Hall). At that time his father, Churchill Julius (1847–1938), was a curate at St. Giles in Norwich. In 1873 the family moved firstly to the parishes of South Brent (now known as Brent Knoll) and thereafter to Shapwick and Ashcott in Somerset. Later, Churchill Julius became vicar of Holy Trinity, Islington, London; he subsequently accepted the appointment as Archdeacon of Ballarat, Australia, and it was here that the family travelled on the sailing ship ''South Australian'' in 1884. From an early age, George's mechanical inclination was obvious to his parents and he often helped his fath ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineer
Engineers, as practitioners of engineering, are professionals who invent, design, analyze, build and test machines, complex systems, structures, gadgets and materials to fulfill functional objectives and requirements while considering the limitations imposed by practicality, regulation, safety and cost. "Science is knowledge based on our observed facts and tested truths arranged in an orderly system that can be validated and communicated to other people. Engineering is the creative application of scientific principles used to plan, build, direct, guide, manage, or work on systems to maintain and improve our daily lives." The word ''engineer'' (Latin ) is derived from the Latin words ("to contrive, devise") and ("cleverness"). The foundational qualifications of an engineer typically include a four-year bachelor's degree in an engineering discipline, or in some jurisdictions, a master's degree in an engineering discipline plus four to six years of peer-reviewed professiona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australians
Australians, colloquially known as Aussies, are the citizens, nationals and individuals associated with the country of Australia. This connection may be residential, legal, historical or ethno-cultural. For most Australians, several (or all) of these connections exist and are collectively the source of their being Australian. Australian law does not provide for a racial or ethnic component of nationality, instead relying on citizenship as a legal status. Since the postwar period, Australia has pursued an official policy of multiculturalism and has the world's eighth-largest immigrant population, with immigrants accounting for 30 percent of the population in 2019. Between European colonisation in 1788 and the Second World War, the vast majority of settlers and immigrants came from the British Isles (principally England, Ireland and Scotland), although there was significant immigration from China and Germany during the 19th century. Many early settlements were initially pen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Totalisator
A tote board (or totalisator/totalizator) is a numeric or alphanumeric display used to convey information, typically at a race track (to display the odds or payoffs for each horse) or at a telethon (to display the total amount donated to the charitable organization sponsoring the event). The term "tote board" comes from the colloquialism for "totalizator" (or "totalisator"), the name for the automated system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. Parimutuel systems had used totalisator boards since the 1860s and they were often housed in substantial buildings. However the manual systems often resulted in substantial delays in calculations of clients' payouts. The first all-mechanical totalisator was invented by George Julius. Julius was a consulting engineer, based in Sydney. His father, Churchill Julius, an Anglican Bishop, had campaigned, in the early years of the twentieth century, against the iniq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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