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The decision was made in July, but has only come to light after reports in the Greek media during the past week. However, Goalbet — one of 24 operators granted a opap sports betting license in that was later revoked — argued that OPAP had never been asked to meet the conditions necessary for a Greek online sports betting license, and their license was therefore void. The loss of the licence, whether temporary or permanent, is not expected to have a major impact on the operator's sports betting revenue, which remains dominated by OPAP's retail offering. For the six months to 30 Junesports betting revenue was down 5. An OPAP spokesperson emphasised that the decision affected only a very small part of the company's revenue. The spokesperson added that the operator's main online business was run through Stoiximan, the igaming business in which OPAP holds a majority stake.

Quadrella betting rules for craps yahoo bitcoins

Quadrella betting rules for craps

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Q-Z Q Quadrella - Selecting the winner of four specifically nominated races.

Nba betting odds today While typically used for total points scored, the over-under wager can be extended to any scenario which will generate wagering action. Trifecta betting offers even modest bettors a chance at a big score for us brokers for binary options minimum outlay of cash. The problem is that all combinations in any given Trifecta box do not have an equal chance of winning. Sportsbook - The person, shop or website who accepts bets. Settler - A bookmaker's expert who calculates payouts. Stewards Enquiry - An enquiry by the stewards into a race. This may also refer to a person's own selections, the horses they have chosen to back.
Betting odds bmw masters The line maker attempts to establish a number wherein half of the bets are on both sides of the over-under. The present invention extends pari-mutuel wagering beyond merely bologna napoli betting expert foot the winner of the race. In-Season Tracks. Thick'un - A big bet. Bettors continue to wager based upon these updated odds step It is further envisioned that the wagering application allows bettors to view relevant betting information, such as weather conditions, participant performance history at the present event, participant performance over a bettor-selected period of time i. Switch Leads - Also 'Change their Leads' The process where a horse shifts his weight to one side or the other.
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Quadrella betting rules for craps Dog betting online
Quadrella betting rules for craps As such, there is a need for a system and method that enables and encourages pari-mutuel wagering for events beyond the traditional horseracing. The embodiments of the present invention are well-suited for both brick-and-mortar sports books, as well as online sports books and internet gaming sites. But there is an even better way to use wheeling to gain a tremendous advantage over the crowd. They do, however, require very little mental work while also offering a chance at cashing a ticket with a good payoff. Also housed on wagering server is wagering database
Quadrella betting rules for craps 849
Quadrella betting rules for craps Fantasy horse racing betting for dummies
Miljardair bitcoins Also housed on wagering server is wagering database But there is an even better way to use wheeling to gain a tremendous advantage over the crowd. SI - Followed by a number is the Speed Index the speed rating of a horse. JPB2 en. Show - Third position at the finish.
Betting odds next luton manager tools Additional wagers, known as propositional wagers, can be made for each of the four days, for one or more of the four days, or for the entire four day tournament. For example:. The problem is that all combinations in any given Trifecta box do not have an equal chance of winning. The pre-event odds are then influenced and modified in substantially real-time response to the placement of wagers on specific actions performed by event participants. The ROI is useful for identifying unique stats about a runner. Information stored within the sports book database is viewed and manipulated through a sports book application
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Below is a list of the various bets you can make at the dice table. Many of them are high-risk low odds bets. See our guide to Winning at Las Vegas Craps for suggested bets and playing strategies. Pass Line Bet — You win if the first roll is a natural 7, 11 and lose if it is craps 2, 3, If a point is rolled 4, 5, 6, 8, 9, 10 it must be repeated before a 7 is thrown in order to win.

If 7 is rolled before the point you lose. Once the point number is rolled, you cannot remove your bet. Odds on Pass Line Bet — After a point is rolled you can make this additional bet by taking odds. There are different payoffs for each point. A point of 4 or 10 will pay you ; 5 or 9 pays ; 6 or 8 pays You only win if the point is rolled again before a 7.

Come Bet — It has the same rules as the Pass Line bet. The difference consists in the fact you can make this bet only after the point on the pass line has been determined. After you place your bet the first dice roll will set the come point. You win if it is a natural 7, 11 and lose if it is craps 2, 3, Other rolls will make you a winner if the come point is repeated before a 7 is rolled. You lose if a 7 is rolled first. You cannot remove your bet once placed.

If the first roll of a dice is a natural 7, 11 you lose and if it is a 2 or a 3 you win. A dice roll of 12 means you have a tie or push with the casino. If the roll is a point 4, 5, 6, 8, 9, 10 a 7 must come out before that point is repeated to make you a winner.

If the point is rolled again before the 7 you lose. However, there is no real advantage in terms of odds by removing your initial bet. After the come point has been established you win if it is a 2 or 3 and lose for 7 or Place Bets — This bet works only after the point has been determined. You can bet on a dice roll of 4, 5, 6, 8, 9 and You win if the number you placed on your bet is rolled before a 7.

Otherwise you lose. The Place Bets payoffs are different depending on the number you bet on. You can cancel this bet anytime you want to. Field Bets — These bets are for one dice roll only. If a 2, 3, 4, 9, 10, 11, 12 is rolled you win. A 5, 6, 7 and 8 make you lose. Field Bets have the following different payoffs: 2 pays double while 12 pays Other winning dice rolls pays even This bet is similar to the Pass Bet but need not be made on the come out roll. It is mainly available to allow players newly joining the table to take part in the action immediately, instead of having to wait for the shooter to make or miss the point!

This bet is similar to the Don't Pass Bet, but need not be made on the come out roll. Odds bets can only be made once the point has been established. The advantage of an odds bet is that it is paid out at the correct odds. This bet can be made on the following numbers: 4, 5, 6, 8, 9, It is a bet that the relevant number will be thrown before a 7. It is a bet that a seven will be thrown before the relevant number.

This is a bet on the outcome of the next throw. It pays even money if a 3, 4, 9, 10 or 11 is thrown and if a 2 or 12 is thrown. This bet can be made on 4, 6, 8 or It is a bet that the relevant number will be thrown in its double form before a 7 and before that number is thrown in any other combination.

This is a single roll bet on any craps 2, 3 or 12 and Odds are paid out accordingly. Play craps at one of the internet's leading casino sites. Learn which bets carry the highest advantage for the house, and which are best for players in craps odds. Find a preferred place to play with important details for each of our recommended online casinos.

Enjoy a favorite casino game on the go with a cutting edge mobile casino. View a monthly ranking of the top 5 online casinos by payouts for table games. Casino: Red Flush Casino Online craps is surprisingly true to the real deal. Craps Game Odds Find your chances of winning with house edge and payout odds for each bet.

EW BETTING EXPLAINED VARIATION

This combined with lazy handicapping and poor Trifecta wagering strategies results in inefficiencies in the Trifecta wagering pools that can be much greater than the weaknesses found in the exacta pools. The inefficiencies in Trifecta betting pools are exploited on a daily basis by sharp handicappers. Handicappers who know how to properly structure their Trifecta wagers based on probability and profit.

There are four different methods of betting the Trifecta: straight Trifecta betting, Trifecta wheels, Trifecta key part wheels, and Trifecta boxes. The latter Trifecta wagering strategy, Trifecta boxes, is the most inefficient yet most popular method of betting the Trifecta, and the main reason for large inefficiencies in the Trifecta wagering pools. The simplest and most overused method of Trifecta betting, Trifecta boxes allow you to play multiple Trifecta combinations on a single ticket.

Trifecta boxes can include as many horses as are in a race. You can box the whole field and play every possible Trifecta combination in a race if you like, although this would be an extremely inefficient method of Trifecta betting and would almost guarantee a loss over time. To calculate the cost of a Trifecta box, multiply the number of horses you would like to box by that number of horses minus one and by that number minus two, and then multiply it by your bet amount.

Preferred by most bettors due to their simplicity, Trifecta boxes are the most inefficient method of betting Trifectas. They do, however, require very little mental work while also offering a chance at cashing a ticket with a good payoff. The problem is that all combinations in any given Trifecta box do not have an equal chance of winning.

This leaves a ton of wasted money in the Trifecta betting pools that are there to be had by smart handicappers who structure their bets properly based on probabilities. Based on your handicapping, the probability of the order of finish being , , is higher than the probability of the order of finish being , , Would it not be more efficient to bet more on the Trifecta combinations that have a higher probability of winning and less on the combinations that have a lower probability of winning?

Slightly more efficient than Trifecta box betting, Trifecta wheel betting does have its place and can be lucrative on occasions when you believe one or more of the favorites can finish out of the money. A Trifecta wheel allows you to play a horse in one position in combination with all the other horses in the field to finish in the remaining two positions. To calculate the cost of wheeling one horse in one position first, second or third with the remainder of the field to finish in the other two positions, multiply the number of horses in the field minus 1 by the number of horses in the field minus two, and multiply that number by the denomination of your bet.

For example:. Below follows the cost of wheeling one horse in one position with ALL remaining horses in the other two positions, based on field size:. This is especially true with large Trifecta wheels. It is best to play full wheels only when you like a horse who is not the favorite to win, while also having a strong opinion that the first and second favorites will finish out of the money. But there is an even better way to use wheeling to gain a tremendous advantage over the crowd.

Soft track - Condition of a turf course with a large amount of moisture. Horses sink very deeply into it. Spell - The resting period between preparations or racing. Sportsbook - The person, shop or website who accepts bets. Spot Play US - Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks.

Sprint - Short race, less than one mile. Stakes Horse - A horse whose level of competition includes mostly stakes races. Stakes-Placed - Finished second or third in a stakes race. Stakes race - A race for which the owner usually must pay a fee to run a horse. Some stakes races are by invitation and require no payment or fee.

Stakes - The sums of money deposited or guaranteed by the parties to a bet. Stake - The prize money for the winning horses paid to the owner eg. Stallion - A male horse used for breeding. Standing Start - In harness racing, starters start from a standing position, once the barrier across the track is released. Starter - The person responsible for starting a race. Starting Gate - Partitioned mechanical device having stalls in which the horses are confined until the starter releases the doors in front to begin the race.

Starting Price or SP - An estimation of odds available when the race starts. Starting Stalls - Mechanical gates that ensure all horses start in unison. Stayer Also, Slayer - A horse that can race long distances. Steam - When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase - A race in which horses are required to jump over a series of obstacles on the course. Also known as a 'Chase'.

Stewards - The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing. Stewards Enquiry - An enquiry by the stewards into a race. Stick - Also, Bat A jockey's whip. Stickers - Calks on shoes which give a horse better traction in mud or on soft tracks. Stipes - Another term for the Stewards. Or Stipendiary Stewards Stooper US - Those who make a living picking up discarded mutuel tickets at racetracks and cashing those that have been thrown away by mistake.

Store US - A sportsbook or a bookie. Straight - Betting to win only. Straight Forecast UK - A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order.

See 'Exacta'. Straight Six - A wager to correctly select the winner of each of six consecutive nominated races. Strapper - Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment. Stretch home-Stretch - Final straight portion of the racetrack to the finish. Stretch Runner - Horse that runs its fastest nearing the finish of a race.

Stretch Turn - Bend of track into homestretch. Stud - 1 Male horse used for breeding. Sulky - The Sulky The modern harness racing vehicle a driving rig developed from a single-seat. Earlier racing had used carts. In its final form the sulky is little more than a U-shaped shaft mounted on two wheels with a seat at the end of the U.

Superfecta - A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee - Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four. Sure Thing - A horse which a punter or tipster believes is unbeatable in a race. Sweepstakes - Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse.

The people which chose the winner and placegetters will receive a percentage of the total money pool. Switch Leads - Also 'Change their Leads' The process where a horse shifts his weight to one side or the other. Horses change their leads in a race, they start off on the right lead then when they go into the turn they go onto the left lead to make the turn, then they change back to the right lead in the stretch and finish the race.

Horses are trained to change their leads when they first start training, but the jockey sometimes taps them on the shoulder to make them change leads at the right spot in the race. System - A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage.

The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout - Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax. The Dogs are Up - Or simply 'Dogs Up', referring to the rubber traffic cones placed at certain distances out from the inner rail when the track is wet, muddy, soft, yielding or heavy, to prevent horses during the workout period from churning the footing along the rail.

Taken Up - A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club - An organization dedicated to the improvement of Thoroughbred breeding and racing. Incorporated Feb. Thick'un - A big bet. Ticket - The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager.

The ticket is necessary to collect the dividends. Ticketer US - A forger of bookmakers' tickets. Tic-Tac - The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse. Tierce - A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd.

Tips - The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster - A person who makes selections for a race, providing tips on which horses they believe will win the first three places. Top Weight - See 'High Weight'. Totalizator Totalisator - The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc.

Synonyms: Tote, Parimutuel. Tote - Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board - The usually electronic totalizator display in the infield which reflects up-to-the-minute odds.

It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. Also known as the 'Board'. Tote Returns - Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets.

A dividend is declared to a fixed stake, for various win, place and forecast pools. Totting Up - Used in the UK for penalties or disciplinary points given to jockeys. Example: There will be disciplinary points totting up against the jokey. Tout - Person who professes to have, and sells, advance information on a race. Also used as a verb meaning to sell or advertise.

Track Condition - Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy. Track Record - Fastest time for a distance at a particular track. Trail - Racing immediately behind another horse. A trail is also known as a sit. Trainer - The person responsible for looking after a horse and preparing it to race. A trainer must hold a license or permit to be entitled to train.

Treble - A bet consisting of 3 selections, all of which must win for the wager to be successful. Tricast UK - See 'Trifecta' below. Trifecta - A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon. The sum of the formula is then multiplied by the amount wagered on each combination.

Trio - Trifecta. Triple - Also 'Treble' See 'Trifecta' above. Triple Crown - Used generically to denote a series of three important races, but is always capitalized when referring to historical races for three-year-olds. Leger Stakes. Trixie - A Trixie consists of 4 bets involving 3 selections in different events, i. Trotting - A term for harness racing in general. It also describes the specific gait of a trotter. True Odds - The real odds of something happening as opposed to what the bookies offer.

The ratio of the number of times one event will occur to the number of times that it will not. Turf Accountant - The UK euphemism for a bookmaker. Turf Course - Grass course. U Unbackable - A horse which is quoted at short odds that punters decide is too short to return any reasonable amount for the money they outlay. Underlay - A horse racing at shorter odds than seems warranted by its past performances.

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A horse which unexpectedly wins a race having previously shown poor form is said to have been a Sleeper. Sloppy track - A track that is wet on surface, with standing water visible, with firm bottom. Slow track - A racing strip that is wet on both the surface and base.

Between good and heavy. Smart Money - Insiders' bets or the insiders themselves. Soft track - Condition of a turf course with a large amount of moisture. Horses sink very deeply into it. Spell - The resting period between preparations or racing. Sportsbook - The person, shop or website who accepts bets. Spot Play US - Type of play in which bettor risks money only on types of races and horses which seem relatively worthwhile risks.

Sprint - Short race, less than one mile. Stakes Horse - A horse whose level of competition includes mostly stakes races. Stakes-Placed - Finished second or third in a stakes race. Stakes race - A race for which the owner usually must pay a fee to run a horse. Some stakes races are by invitation and require no payment or fee.

Stakes - The sums of money deposited or guaranteed by the parties to a bet. Stake - The prize money for the winning horses paid to the owner eg. Stallion - A male horse used for breeding. Standing Start - In harness racing, starters start from a standing position, once the barrier across the track is released. Starter - The person responsible for starting a race. Starting Gate - Partitioned mechanical device having stalls in which the horses are confined until the starter releases the doors in front to begin the race.

Starting Price or SP - An estimation of odds available when the race starts. Starting Stalls - Mechanical gates that ensure all horses start in unison. Stayer Also, Slayer - A horse that can race long distances. Steam - When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase - A race in which horses are required to jump over a series of obstacles on the course.

Also known as a 'Chase'. Stewards - The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing. Stewards Enquiry - An enquiry by the stewards into a race. Stick - Also, Bat A jockey's whip.

Stickers - Calks on shoes which give a horse better traction in mud or on soft tracks. Stipes - Another term for the Stewards. Or Stipendiary Stewards Stooper US - Those who make a living picking up discarded mutuel tickets at racetracks and cashing those that have been thrown away by mistake. Store US - A sportsbook or a bookie. Straight - Betting to win only. Straight Forecast UK - A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order.

See 'Exacta'. Straight Six - A wager to correctly select the winner of each of six consecutive nominated races. Strapper - Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment. Stretch home-Stretch - Final straight portion of the racetrack to the finish. Stretch Runner - Horse that runs its fastest nearing the finish of a race. Stretch Turn - Bend of track into homestretch.

Stud - 1 Male horse used for breeding. Sulky - The Sulky The modern harness racing vehicle a driving rig developed from a single-seat. Earlier racing had used carts. In its final form the sulky is little more than a U-shaped shaft mounted on two wheels with a seat at the end of the U. Superfecta - A bet placed on four horses to cross the finish line in exact chosen order.

Super Yankee - Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four. Sure Thing - A horse which a punter or tipster believes is unbeatable in a race.

Sweepstakes - Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse. The people which chose the winner and placegetters will receive a percentage of the total money pool.

Switch Leads - Also 'Change their Leads' The process where a horse shifts his weight to one side or the other. Horses change their leads in a race, they start off on the right lead then when they go into the turn they go onto the left lead to make the turn, then they change back to the right lead in the stretch and finish the race. Horses are trained to change their leads when they first start training, but the jockey sometimes taps them on the shoulder to make them change leads at the right spot in the race.

System - A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage. The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout - Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax.

The Dogs are Up - Or simply 'Dogs Up', referring to the rubber traffic cones placed at certain distances out from the inner rail when the track is wet, muddy, soft, yielding or heavy, to prevent horses during the workout period from churning the footing along the rail.

Taken Up - A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club - An organization dedicated to the improvement of Thoroughbred breeding and racing. Incorporated Feb. Thick'un - A big bet.

Ticket - The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends. Ticketer US - A forger of bookmakers' tickets. Tic-Tac - The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse. Tierce - A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd.

Tips - The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster - A person who makes selections for a race, providing tips on which horses they believe will win the first three places. Top Weight - See 'High Weight'. Totalizator Totalisator - The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc.

Synonyms: Tote, Parimutuel. Tote - Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board - The usually electronic totalizator display in the infield which reflects up-to-the-minute odds.

It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. Also known as the 'Board'. Tote Returns - Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets.

A dividend is declared to a fixed stake, for various win, place and forecast pools. Totting Up - Used in the UK for penalties or disciplinary points given to jockeys. Example: There will be disciplinary points totting up against the jokey. Tout - Person who professes to have, and sells, advance information on a race. Also used as a verb meaning to sell or advertise. Track Condition - Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy.

Track Record - Fastest time for a distance at a particular track. Trail - Racing immediately behind another horse. A trail is also known as a sit. Trainer - The person responsible for looking after a horse and preparing it to race.

A trainer must hold a license or permit to be entitled to train. Treble - A bet consisting of 3 selections, all of which must win for the wager to be successful. Tricast UK - See 'Trifecta' below. Trifecta - A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon.

The sum of the formula is then multiplied by the amount wagered on each combination. Trio - Trifecta. Triple - Also 'Treble' See 'Trifecta' above. Triple Crown - Used generically to denote a series of three important races, but is always capitalized when referring to historical races for three-year-olds.

Leger Stakes. Trixie - A Trixie consists of 4 bets involving 3 selections in different events, i. Trotting - A term for harness racing in general. It also describes the specific gait of a trotter. True Odds - The real odds of something happening as opposed to what the bookies offer. Traditional pari-mutuel wagering systems generally encompass wagering which attempts to predict the outcome of an event.

For purposes of explanation, examples of such wagers will be discussed in reference to the most common use of pari-mutuel wagering—horseracing. There may be several different types of wagers with each type of wager having its own pool. Straight bets include predicting the order of finish for a single participant: Win—to succeed the bettor must pick the horse that wins the race; Place—the bettor must pick a horse that finishes either first or second; and Show—the bettor must pick a horse that finishes first, second or third.

For instance, an exacta box with 2 numbers, commonly called a quinella, is a bet on one of two permutations: A first and B second, or B first and A second. Alternative, a bettor could wager the base amount and have any winnings divided by the number of permutations. Beyond straight bets and exotic bets predicting win, place and show, an additional wager can be made on what is typically called an over-under.

In an over-under wager, the sports book or line maker will predict a number for a particular statistic in a given event or a specific action within that event. The bettor will then wager whether the result will be above or below that number. By way of example, over-under wagers are typically made with regard to NFL football games with the statistic being the total number of points scored in the game.

Thus, a line maker will establish the number using past performance and expert predictions. The line maker attempts to establish a number wherein half of the bets are on both sides of the over-under. While typically used for total points scored, the over-under wager can be extended to any scenario which will generate wagering action. For instance, with regard to golf an over-under wager could be made on the final positional standings a particular golfer, the number of putts made by a golfer, the number of birdies, bogies or pars made by a particular golfer, the total number of golfers above or below par during the first round, second round, third round or entire tournament.

As can be seen by the above description, pari-mutuel wagering is generally utilized with events that are short in duration with wagers selecting winners or top finishers in the events. Attempts have been made to extend pari-mutuel wagering to events outside of horseracing, such as golf, but these attempts often suffer from bettor indifference as these events, particularly golf, are multi-day events with a winner decided days after a wager is made.

Thus, wagering on a winner before the event requires a bettor to wait three or four days before learning whether the wager will pay off or not. As such, there is a need for a system and method that enables and encourages pari-mutuel wagering for events beyond the traditional horseracing. Additionally, there is a need for a system and method that provides for pari-mutuel wagering throughout the course of an event, and not merely wagering on the winner or a specific series of finishers at the conclusion of the event.

The present invention addresses these and other needs. In general, one embodiment the present invention is directed to a pari-mutuel wagering system for use with multi-activity events such as golf and automobile racing whereby bettors may wager on pre-established odds associated with each participant in the event. The system, as promoted by sports books in legalized jurisdictions such as Nevada and Europe, utilizes pre-event odds established by line makers having knowledge and experience related to such events.

The pre-event odds are then influenced and modified in substantially real-time response to the placement of wagers on specific actions performed by event participants. Sports books earn revenue by collecting a percentage of all wager pools funded by all placed wagers.

The embodiments of the present invention are well-suited for both brick-and-mortar sports books, as well as online sports books and internet gaming sites. Wagers made within brick-and-mortar sports books can either be conducted at bettor-reserved terminals or by placing a wager with an authorized sports book employee. Online sports books and gaming sites may be accessed using any suitable electronic device including, but not limited to, a desktop computer, a laptop computer, tablet computer, or a hand-held device such as a smart phone or personal data assistant PDA.

Additional objects, advantages and novel features of the present invention will be set forth in part in the description which follows, and will in part become apparent to those in the practice of the invention, when considered with the attached figures. The accompanying drawings form a part of this specification and are to be read in conjunction therewith, wherein like reference numerals are employed to indicate like parts in the various views, and wherein:.

Referring to the drawings in detail, and specifically to FIG. It is also envisioned that wagering server can be accessed via dedicated terminals located within casinos, racetracks, golf pro shops or any other properly equipped facility. Wagering server is accessed directly by individual bettors or through placing wagers with an employee authorized by the server operator to input wagers within the server.

When inputting wagers, individual bettors can place wagers in an individual or one-time manner, or can create a user account which is username and password protected, and is stored on the wagering server. Adverting now to FIG. Sports book database is populated with event-related information such as, but not limited to, specific events, event participants, individual event actions for which wagers will be accepted, and opening odds or updated odds for predicting participants satisfying those individual event actions, as will be discussed in more detail below.

Information stored within the sports book database is viewed and manipulated through a sports book application The sports book application is user and password encrypted, and is accessible only by authorized sports book employees, such as authorized line makers employees with knowledge and experience directed to the events, odds, and line establishment. Also housed on wagering server is wagering database Wagering database is accessed via wagering application Bettors access the wagering application through a direct terminal device, by use of an authorized sports book employee workstation, or through an internet connection as shown and described with reference to FIG.

Bettors can either log onto a user account to place wagers or simply place anonymous wagers. Logging onto a user account allows bettors to sort and track current wagers, as well as review wager history which may assist the bettor is placing future wagers.

Once logged on, or when placing an anonymous wager, the wagering application recalls bettor-selected information from the wagering database and displays the events on which wagers are being accepted, event participants on which the bettor may wager, individual event actions for which wagers will be accepted, opening odds or updated odds for participants satisfying those individual event actions, and the anticipated payout at current odds or actual payout calculated after wagers are no longer being accepted for a specific action.

It is further envisioned that the wagering application allows bettors to view relevant betting information, such as weather conditions, participant performance history at the present event, participant performance over a bettor-selected period of time i. The embodiments of the present invention are directed to pari-mutuel wagering options on multi-activity events, such as horse races, dog races, automobile races, bicycle races, golf, tennis, track-and-field events, Olympic events, motorcycle races and the like.

The embodiments of the present invention are suitable for brick-and-mortar sports books, as well as online sports books and internet gambling websites. Referring now to FIG. Pre-event rankings are based upon the Official World Golf Ranking. As shown, Mickelson is the favorite opening at 2 to 1, with Woods established at 5 to 1 and Garcia established at 12 to 1. Opening odds are established by line makers and stored on wagering server within the sports book database as described above with reference to FIG.

Based upon the opening odds, bettors are provided, via wagering application housed on wagering database , with a series of pari-mutuel wager options including straight win wagers, second place finishers, third place finishers, exacta wagers, quinella wagers, trifecta wagers and superfecta wagers. The exacta, trifecta and superfecta wagers may also be boxed allowing the bettor to cover all conceivable finishing orders with 2, 3 or 4 golfers. The system also supports pari-mutuel wagers across separate, multiple successive individual actions with an event, as well as across events themselves.

Thus, the pari-mutuel wagering system of the present invention allows a sports book to offer multi-action wager options whereby a bettor can, for example, place a wager on the golfer leading after each of the four rounds within a single golf tournament i. Thursday's leader; Friday's leader; Saturday's leader; and tournament winner. The pari-mutuel wagering system of the present invention allows a sports book to further offer multi-event wager options such as wagering the predicted winner of a first golf tournament played during a first week i.

April and the predicted winner of the next successive golf tournament i. April Pari-mutuel wagering, unlike most casino games e. Thus, the more wagered on one or more participants, to continue the above example—golfers, the lower the odds and resultant payouts. Consequently, it is the bettors that are influencing the final odds and payouts.

As wagers are placed, the software resident on the wagering server see FIGS. Thus, bettors can view the updated odds at the brick-and-mortar facility, or on their internet-enabled devices as shown in FIG. As shown in the updated list of FIG. The odds may fluctuate until the event begins, at which time wagers will no longer be accepted and the final odds and payouts are calculated. As the straight odds change, the payouts associated with the pari-mutuel style wagers fluctuate as well based upon the corresponding wager pools.

The list shows payouts associated with winning exacta, quinella and trifecta wagers for two and three selected golfers. In a practical setting, a sports book board or an internet-enabled device accessing the wagering database via wagering application shows all possible combinations and corresponding payouts in substantially real-time as the odds change. With the pari-mutuel system disclosed herein, bettors have the opportunity to receive large payouts on small wagers.

Moreover, the final odds are established by the wagers of the bettors. While the above scenario, with reference to FIGS. While the above scenario involving a golf tournament referenced wagers on the winner of the tournament, the pari-mutuel wagering system of the present invention can further be employed to permit wagering for other actions within the multi-action event. As already stated above, wagers can further be made on predicting the leader of the tournament after each of the four rounds.

Additional wagers, known as propositional wagers, can be made for each of the four days, for one or more of the four days, or for the entire four day tournament. Examples of propositional wagers for a golf tournament include predicting the golfer with the longest drive, most drives on the fairway over yards, most drives on the fairway over yards, most drives on the fairway over yards, shortest drive, most fairways, least fairways, most greens in regulation, fewest greens in regulation, must putts made, least putts made, most bunkers landed in, least bunkers landed in, most chip-ins, most whole-outs, most eagles, most birdies, most bogies, most double bogies, most pars, most holes in one, on the green closest to the pin on a par 3, the lowest 9 score, the highest 9 score, first time Tour winners and the like.

The pari-mutuel wagering system of the present invention also enables wagering over successive weeks and may include wagers for the entire golf season, i. The above referenced wagers can be extended to the golf season, with additional propositional wagers including most wins, most major tournament wins, win by biggest margin, rookie of the year, comeback player of the year, player of the year, Hogan award recipient, predict winners of each of four Grand Slam or five Super Grand Slam of the six recognized world tours PGA Tour, European Tour, Asian Tour, PGA Tour of Australia, Japan Golf Tour, and the Sunshine Tour , longest run to make the cut, and the like.

Additionally, suitable over-under wagers are established with regard to each of the above scenarios. Adverting now to FIGS. Thus, excitement is generated as the bettors watch in real-time the results of their predictions. Similarly, as shown in FIG. Additionally, in further embodiments, the telestrator is linked with a GPS coordinate system such that, depending on the results for a particular hole, e.