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Parimutuel Betting
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. 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 made. Parimutuel gambling is frequently state-regulated, and it is offered in many places where gambling is otherwise illegal. Parimutuel gambling is often ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vigorish
Vigorish (also called the cut, the house edge, juice, the margin, the take, under-juice, or the vig) is the fee charged by a bookmaker 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 () which was itself a loanword from Russian (). 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 event. This is accomplished by incentivizing their clientele to wager offsetting amounts on all potential outcomes of the event. The normal method by which this is achieved is by adjusting the odds, payouts for each outcome (collectively called the Spread betting, line) as imbalances of total amounts wagered between them occur. Wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains. British Columbia borders the province of Alberta to the east; the territories of Yukon and Northwest Territories to the north; the U.S. states of Washington (state), Washington, Idaho and Montana to the south, and Alaska to the northwest. With an estimated population of over 5.7million as of 2025, it is Canada's Population of Canada by province and territory, third-most populous province. The capital of British Columbia is Victoria, British Columbia, Victoria, while the province's largest city is Vancouver. Vancouver and its suburbs together make up List of census metropolitan areas and agglomerations in Canada, the third-largest metropolit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Casino
A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, concerts, and sports. Etymology and usage ''Casino'' is of Italian language, Italian origin; the root means a house. The term ''casino'' may mean a small country villa, Summerhouse (building), summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its south. 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-most land area. Its capital city is Springfield, Illinois, Springfield in the center of the state, and the state's largest city is Chicago in the northeast. Present-day Illinois was inhabited by Indigenous peoples of the Americas#History, Indigenous cultures for thousands of years. The French were the first Europeans to arrive, settling near the Mississippi and Illinois River, Illinois rivers in the 17th century Illinois Country, as part of their sprawling colony of ... [...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 three racetracks that hosted both NASCAR auto races and horse races (the others are Dover International Speedway and the Syracuse Mile). 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arlington Park
Arlington Park (formerly known as Arlington International Racecourse) is a former horse race track in the Chicago suburb of Arlington Heights, Illinois. Once called the ''Arlington Park Jockey Club'', it was located adjacent to the Illinois Route 53 expressway and Arlington Park station, serviced by the Chicago and North Western Railway. On February 15, 2023, the Chicago Bears of the National Football League (NFL) completed their purchase of the Arlington Park property. The team may build a stadium on the site for its home games. Overview 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-United States dollar, dollar purse, in 1981. The premier event at Arlington Park was the International Festival of Racing, held in early August, which featur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auckland
Auckland ( ; ) is a large metropolitan city in the North Island of New Zealand. It 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 as of It is the List of cities in New Zealand, most populous city of New Zealand and the List of cities in Oceania by population, fifth-largest city in Oceania. The city lies between the Hauraki Gulf to the east, the Hunua Ranges to the south-east, the Manukau Harbour to the south-west, and the Waitākere Ranges and smaller ranges to the west and north-west. The surrounding hills are covered in rainforest and the landscape is dotted with 53 volcanic centres that make up the Auckland Volcanic Field. The central part of the urban area occupies a narrow isthmus between the Manukau Harbour on the Tasman Sea and the Waitematā Harbour on the Pacific Ocean. Auckland is one of ... [...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, New Zealand, 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 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Alfred Julius
Sir George Alfred Julius (29 April 187328 June 1946) was an English-born New Zealand 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; his mother was Alice Julius. 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 par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineer
Engineers, as practitioners of engineering, are professionals who Invention, invent, design, build, maintain and test machines, complex systems, structures, gadgets and materials. They aim 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 , the origin of the Ir. in the title of engineer in countries like Belgium, The Netherlands, and Indonesia) is derived from the Latin words ("to contrive, devise") and ("cleverness"). The foundational qualifications of a licensed professional engineer typically include a four-year Bachelor of Engineering, bache ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australians
Australians, colloquially known as Aussies, are the citizenship, citizens, nationality, nationals and individuals associated with the country of Australia. This connection may be residential, legal, historical or ethno-cultural. For most Australians, these connections exist and are collectively the source of their being Australian. Australian law does not provide for any racial or ethnic component of nationality, instead relying on Australian nationality law, citizenship as a legal status, though the Constitutional framers considered the Commonwealth to be "a home for Australians and the British race alone", as well as a "Christian Commonwealth". Since the postwar period, Australia has pursued an official policy of multiculturalism and has the List of sovereign states and dependent territories by immigrant population, world's eighth-largest immigrant population, Immigration to Australia, with immigrants accounting for 30 percent of the population in 2019. Between European colo ... [...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. History 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, aga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
