What is Parimutuel LLC?

Parimutuel LLC is all about a new type of online gaming that guarantees the best odds going for the gaming public. You have choices when you bet. Go and find the most reliable place that will give you the best odds going, or just go anywhere and make your bet. Either way you'll make a bet. The only difference that you will ever see is when you win. How long does it take you to collect your winnings and how much did you win (one way compared to the other way). If you are a real handicapper you'll understand and appreciate the difference.

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How does parimutuel gaming work?

First a brief history of gaming: Aside from simple wagers—betting a friend that one's favorite baseball team will win its division, for instance, or buying a football "square" for the Super Bowl--sports betting is commonly done through a bookmaker.

What is a proposition bet? These are wagers made on a very specific outcome of a match. Examples include guessing the number of goals each team scores in a handball match, betting whether a player will score in a football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.

What are parlays? A parlay involves multiple bets (usually up to 12) and rewards successful bettors with a large payout. For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. If any of the four bets fails to cover, the bettor loses the parlay, but if all four bets win, the bettor receives a substantially higher payout (usually 10-1 in the case of a four-teamer) than if he made the four wagers separately.

What is a progressive parlays? A progressive parlay involves multiple bets (usually up to 12) and rewards successful bettors with a large payout, but not as large as normal parlays. However in a progressive parley, unlike a regular parley, some of the bets can lose, and a reduced payout will still be made.

What is a teaser? A teaser allows the bettor to combine his bets on two or more different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.

What are Run line, puck line or goal line bets? These are wagers offered as alternatives to straight-up/moneyline prices in baseball, hockey or soccer, respectively. These bets feature a fixed point spread that (usually) offers a higher payout for the favorite and a lower payout for the underdog (both in comparison to the moneyline). For example, the above-described Brewers/Cubs baseball game might offer a run line of Milwaukee -1.5 (+100) and Chicago +1.5 (-120). A bettor taking Milwaukee on the run line can avoid risking $200 to win $100 on the moneyline, but will collect only if the Brewers win by 2 runs or more. Similarly, a run line wager on the Cubs will pay if Chicago loses by no more than a run, but it requires the bettor to risk $120 to win $100. Bettors may also wager on so-called alternate run, puck, or goal lines, which offer decreased payouts on the favorite and increased payouts on the underdog. Once again using the Brewers/Cubs baseball game as an example, a sportsbook might offer an alternate run line of Milwaukee +1.5 (-300) and Chicago +1.5 (+270).

What are Future wagers? While all sports wagers are by definition on future events, bets listed as "futures" generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February (although many of the losing bets will be clear well before then and can be closed out by the book). Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so.

What are Head-to-Head bets? In these bets, bettor predicts competitors results against each other and not on the overall result of the event. One example are Formula One races, where you bet on two or three drivers and their placement among the others. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.

What are Totalizators? In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. This is similar to parimutuel wagering in horse racing and dog racing. THIS IS REAL PARIMUTUEL WAGERING!

Welcome to Parimutuel LLC

This website is all about Parimutuel Gaming. There is a misconception in the online gaming industry that betting via known sportsbooks like Bodog or Bet365 or BetUS means that you get a fair bet -- nothing could be farther from the truth. My Parimutuel system is a true handicapping system. My mission is to provide the best odds going for bets on any tournament, event, or activity world wide. So unless you don't mind giving up your pay to an unregulated offshore entity then go ahead and bet at the Bodog's of this world. You have choices, You have options. You have the best odds imaginable via Parimutuel LLC.

Who is behind Parimutuel LLC?

harry platis My name is Harry Platis and I am the guy behind Parimutuel LLC. I have been involved in Parimutuel Gaming for over 35 years, course I didn't realize it until a few years ago when I decided to patent my concepts and make a go of it. If you'd like learn more about me please visit my other website Platis Law. Hope to hear from you soon.

 

The parimutuel system was invented by Catalan impresario Joseph Oller in 1867.

The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, "automatic totalisator" or "tote board", invented by the Australian engineer, George Alfred Julius. The first was installed at Ellerslie Racecourse, Auckland, New Zealand in 1913, and they came into widespread use at race courses throughout the world. The U.S. introduction was in 1927, which led to the opening of the suburban Arlington Racetrack in Arlington Park, near Chicago and Sportsman's Pack in Cicero, Illinois, in 1932. You could say from that point on we've been off to the races.

My parimutuel system is one in which 32 or more participants engage in a tournament, event, or activity, and a pool is formed such that folks can bet on the results of the event.

To give you an idea of how much better parimutuel wagering is to straight bet wagering (from a sportsbook or bookmaker) I have reviewed many online sportsbooks to see that the line on Spain to win the World Cup was about 4-1 before the event started, perhaps slightly more after they lost their first game. Through my parimutuel system the same odds would have been 7-1 on Spain to win the World Cup. That might not mean a lot to you but if you have $10 on Spain to win the World Cup would you rather get back $50 or $80? That is the difference between parimutuel wagering and straight line wagering. You only notice the difference when you win.