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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.

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Q: How do you calculate pari-mutuel payouts for horse racing bets?
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Related questions

What is the definition of parimutuel window?

Generally, the association is with horse racing. The bet system at race tracks are set up on a "parimutuel" system. The breakdown of payouts is determined by how much was bet and on which horse. In other words: you can't bankrupt the house at a horse racing track because all the total payouts for a race are based on the total stakes for that race. (Minus the house cut) So, the answer to your question: a "parimutuel" window is a window, for betting, at a (most likely) horse racing venue.


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