Parimutuel Horse Betting Online Racebooks Parimutuel HorseBetting

One of the most common types of betting on horse races is parimutuel betting. While common, many people are unaware of what it actually means. Parimutuel wagering is different from normal wagering in that the actual payouts are determined according to how much money is brought in while the betting lines are open. Parimutuel horse betting can lead to larger outcomes than fixed odds betting, but only if the turnout of gamblers is large enough to support the desired pool. When an above average number of wagerers step up to place their bets, the prize pool will invariably be larger than it would have been with fixed odds. This is a double edged sword unfortunately, as pay outs can tip to the lower end of the scales if there is not enough interest in your choice of bet or the race over all.

Since fixed odds can cause both the player and the racebook to lose money, many of them have decided to turn to parimutuel horse betting as a solution. This not only works as a method of controlling payouts, but also allows parimutuel horse racing to reach previously unattained levels of return. Assuming the online racebooks you are using has a thriving population of bettors, you should always see significant returns on your successful bets. Every time another player places their wager, the overall prize pool will increase. Since we only provide the best online racebooks, you can rest assured that where they do operate through parimutuel betting, you will always see populated prize pools, rather than shallow streams of cash. Most of the major racetracks around the world have switch to parimutuel odds, and some of these prize pools have managed to break the million dollar mark, particularly on the biggest races.

With Parimutuel betting on horses, you are betting against your fellow gambler rather than the house. With this type of bet, the odds and payouts will not be determined until the lines are closed, though most racebooks and tracks have up to the minute odds that are refreshed at predetermined intervals. This will allow you to stay on top of the appropriate odds, thus giving you better insight on how your wager will pay out. With fixed odds you will receive the payouts and odds while the betting lines are open, but as stated previously, these fixed odds could never approach the higher rungs of payouts as parimutuel horse wagering can. While the mathematics involved in parimutuel wagering may be more difficult, the overall profitability remains much higher than that of fixed odds.

As an example, lets say you place a wager on a horse to come in first, and no one else is placing a wager on that horse. The odds of it coming through for you will pay much higher. If everyone else wagers on horses that are not the one you chose, than your horse will carry the best return on investment. If a disproportionate number of people come in at the last moment and all place multiple wagers on your horse, the pay out will decline. If you have too many people betting on one horse, than the pay outs will be reduced accordingly. Thus, if you want to make serious money through pari-mutuel horse wagering, you will want to avoid the horse or horses on which most other players are dropping money.

Best Online Racebooks With Parimutuel Betting


If you love horse racing and are looking for a betting system that has the best odds of you walking away with a large amount of cash in your pocket, Parimutuel horse betting odds is the way to go and Bovada Racebook is the place to be. For those players who enjoy the action of parimutuel horse betting, they will find Bovada to be a premier online racebook location. Bovada Racetrack offers horse betting action at over 80 tracks and on all the major horse racing events, such as the Breeders Cup and the Kentucky Derby. Bovada Racebook is so certain that you will enjoy your time spent with them, they are offering up to 5% back on all bets. Getting in on all the horse betting action has never been more simple than with Bovada Racebook. Visit Bovada Racebook to find out more about Parimutuel horse betting, and other betting types available at Bovada Racebook. Visit Bovada


When is comes to providing the best online Parimutuel horse betting odds, Intertops Racebook is your online horse betting headquarters. Not real familiar with how Parimutuel horse betting works? Well, Intertops Racebook offers a number of horse betting systems, which are explained in detail throughout the Racebook. Horse betting fans have found much excitement in parimutuel horse betting, seeing is how it differs from other betting types by the payout amount being determined once the pool is closed. Horse betting in general can lead to hours of entertainment and when you add in a number of different betting types, the winning possibilities are endless. At Intertoops Racebook, you are a winner right from the start when collecting a bonus of $100. Use your horse betting knowledge and the best horse betting odds around, to turn that bonus into a lot of cold hard cash. Visit Intertops

Top Online Racebooks With Parimutuel Betting

Rank Online Racebook Reviews Racebook Bonuses Tracks Visit
1 DSI Racebook Review 20% to $500 / 8% Rebate Program 100+ VISIT
2 BookMaker Racebook Review 20% to $500 / 8% Rebate Program 100+ VISIT
3 CaribSports Racebook Review 50% to $250 / 5% Rebate Program 20+ VISIT
4 Bovada Racebook Review 20% - $100 / 3% to 5% Rebate 80+ VISIT
5 BetJamaica Racebook Review 100% to $100 / Up to 7.5% Rebates 120+ VISIT
6 Intertops Racebook Review 25% to $100 10+ VISIT