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Pari-mutuel betting (also referred to as ‘pool betting or ‘Tote betting’) refers to bet kinds in which all cash staked is put into a pool. The return on successful bets (‘dividend’) is calculated from the total amount of money wagered in the pool and the whole variety of successful tickets after the official race result is recognised. Dividends are declared right after Deductions are actually produced from the pool.
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An Formal or steward is anyone acting, in a very long lasting or momentary ability, on behalf with the racing authority in a very presented jurisdiction. The role of an official could be to ascertain the race outcome and/or listen to objections to your race end result.
3.two Winning dividends are calculated by dividing the full number of stakes entered to the Host Tote’s pool (much less Deductions) by the quantity of successful units. The share Deductions taken from Each individual pool differ depending upon the Host Tote as well as region in which the Host Tote operates.