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Who bets money on horse races?

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Anonymous

12y ago
Updated: 8/17/2019

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12y ago

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What are the place payouts for even money favorite in horse racing?

Place bets are in a separate pool from win bets so there is no fixed payout for an even-money favorite.


How did Paul get the money in rocking horse winner?

Paul got the money in The Rocking-Horse Winner by betting on horse races.


What is a betting parlor?

A betting shop is a premises of a bookmaker, where people may place bets, watch horse races, and collect their winnings.


Why are bookies called turf accountants?

The original bookies, or people who handle bets, worked at horse races, where the ground is called turf. Thus, they are accountants because they handle money, and since they work on the turf, they are turf accountants.


What does the service RaceTAB do?

RaceTAB offer punditing services for horse racing. They are based in New South Wales, Australia. You can place bets and watch races in Australia and internationally.


What was the most money ever spent on a races horse?

i think it was 16million dollars


Why is Paul careful when he bets on horses in The Rocking-Horse winner?

He is so intent on accumulating money he does not want to lose any of the money he has, so he bets small amounts on horses when he is unsure of the winner and large amounts when he is sure of the winner.


Where does the name turf accountant originate from?

It is a "polite" English term meaning a "bookie." One who takes, and makes, bets on horse races. This practice is legal (when conducted legally) in the United Kingdom.


What is a person who bets on a horse called?

gambler


How do you calculate pari-mutuel payouts for horse racing bets?

Pari-mutuel payouts for horse racing bets are calculated by dividing the total amount of money wagered on a race by the total amount bet on the winning horse. The resulting quotient is the payout per dollar bet on the winning horse. This method ensures that the payouts are distributed based on the total amount of money wagered, rather than set odds.


What products does coral.co.uk offer?

The Coral Company in the United Kingdom is an on line company that will help you set up bets for horse races, sporting events, you can play poker or slots on line. It is a gambling website.


How are the odds determined on racetrack bets?

In the US, we use the parimutuel system which means that the betters set the odds by the money they bet. The more bet on a horse, the lower the odds. The favorite has the most money bet on him while a longshot is a horse with very little money bet on him.