|
Pari-mutuel
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] |
Tote Board
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 ini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Racing
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ... [...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] |
Off-track Betting
Off-track betting (or OTB; in British English, off-course betting) is sanctioned gambling on horse racing outside a race track. U.S. history Before the 1970s, only the state of Nevada allowed off-track betting. Off-track betting in New York was legalized in 1970, after years of unsuccessful attempts. By the 1970s there were 100 betting parlors in New York City, and twice that number by the late 1980s. In New York City, the thought was that legal off-track betting would increase revenue while at the same time decrease illegal gambling activity, but one effect of the legalization was a decrease of revenue at racetracks. The 1978 Interstate Horseracing Act struck a compromise between the interests of horse tracks and owners, the state, and OTB parlors, and stipulated that OTB revenues were to be distributed among the tracks, the horse owners, and the state. Another stipulation was that no OTB parlor was allowed to operate within of a track. Revenues at the track indeed lessened, ... [...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] |
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] |
Joseph Oller
Josep Oller i Roca (1839–1922) was a Catalan entrepreneur who lived in Paris for most of his life. He co-founded the famous cabaret Moulin Rouge with Charles Zidler and was the inventor of the parimutuel betting. Biography Born in Terrassa, Josep Oller emigrated to France with his family as a child. Later, he moved back to Spain to study at the university in Bilbao. There, he became fond of cockfighting and started his career as a bookmaker. Once in Paris, in 1867, Josep Oller invented a new method of wagering, which he named Pari Mutuel ( French for Parimutuel betting). He successfully introduced his pool method system at French race tracks. Nonetheless, in 1874, Josep Oller was sentenced to fifteen days in prison and fined for operating illegal gambling. Later, in 1891, the French authorities legalised his system and banned fixed-odds betting. Quickly, Oller's Pari Mutuel spread across most race tracks around the world, but the method was operationalised in engineered system ... [...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] |
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] |
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] |
Catalan People
Catalans (Catalan, French and Occitan: ''catalans''; es, catalanes, Italian: ''catalani'', sc, cadelanos) are a Romance ethnic group native to Catalonia, who speak Catalan. The current official category of "Catalans" is that of the citizens of Catalonia, an autonomous community in Spain and the inhabitants of the Roussillon historical region in southern France, today the Pyrénées Orientales department, also called Northern Catalonia and ''Pays Catalan'' in French. Some authors also extend the word "Catalans" to include all people from areas in which Catalan is spoken, namely those from Andorra, Valencia, the Balearic islands, eastern Aragon, Roussillon, and the city of Alghero in Sardinia. The Catalan government regularly surveys its population regarding its "sentiment of belonging". As of July 2019, the results point out that 46.7% of the Catalans and other people living in Catalonia would like independence from Spain, 1.3% less than the year before. Historical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
_p225_AUCKLAND%2C_NEW_ZEALAND.jpg "Click for more on -> Auckland")
