Each wager into a pool gets the same odds and other wagers into that pool. The pool stays open until we RERUN the historical race. Once the race is finished we paythe EXACT pari-mutuel amount just like in LIVE HORSE RACING !
All the Historical Horse Racing Terminals wager into COMMON pools just like in LIVE HORSE RACING !
Each pool is based on an historic race. Everyone wagering into that pool is wagering on the same race just like in LIVE HORSE RACING !
Pari-mutuel betting (from French meaning mutual betting) is a system in which all bets of a particular type are placed together in a pool; taxes and the "house-take” are removed, and payoff odds are calculated by sharing the pool among all winning bets.
The pari-mutuel 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.
Classic Racing has the only fully pari-mutuel system. The simple way to define a fully pari-mutuel is to see if it fits the following criteria.
ALL players are fully paid using the exact SAME ODDS on the SAME EVENT they all wagered on in the very SAME POOL.........just as in live racing !