Betting Guides
Pari-Mutuel Betting Explained
In the popular traditional fixed-odds system, your potential payout is determined at the time you place your wager based on the odds set by the sportsbook. Basically, you are betting against the bookmaker, who pays you if your prediction is successful.
Pari-mutuel betting, however, operates differently. Instead of fixed odds, payouts are determined by the total staking pool for each wager type, with winnings distributed among successful punters. In this article, I'll explain what this system is all about and how it works.
