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Since then totalisators came into widespread use at race courses throughout the world. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games such as Lotto South.
Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at OTB facilities, where players may bet on the events without actually being present to observe them in person. Parimutuel betting differs from fixed odds betting in that the final payout is not determined until the pool is closed - in fixed odds betting, the payout is agreed at the time the bet is sold.
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The Parimutuel System Parimutuel betting French for mutual betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets. The limit is the maximum amount that is outstanding i. Once you have established your Nassau OTB wagering account for at least 90 days, you are eligible to use Cash Call Within minutes after authorization is verified, your Cash Call deposit will be credited to your account.
The amount of your deposit and the service fee will appear on your next credit card statement. You must use your own credit card. No 2-party transactions are allowed. Please note that your PIN will be needed to make such transactions and, for security purposes, you should not release your PIN to anyone.
If you wish to have some or all of your balance mailed to you, simply complete a withdrawal slip pdf and mail it to:. Checks will be mailed out within three 3 business days of receipt. All mail-withdrawal requests must arrive with a withdrawal slip to ensure accuracy.
Withdrawal slips are available on-line or by calling the Customer Service at ext. Cash voucher withdrawals may be made in person at all Nassau OTB locations during operating hours through any self-service terminal.
Click here for Nassau OTB locations. To make a cash voucher withdrawal follow these simple steps:. You will receive a credit voucher for the amount specified. You can take this voucher to any teller to obtain cash. Nassau OTB is working to improve your online wagering experience. Please check back for new exciting and convenient ways to withdraw funds from your account. The following links will provide you with all the information that you need to wager using the touch tone system.
Click here for the Touch Tone Betting Guide. OTB waives the surcharge and you receive track prices for any winning wagers placed on a Permanent Wagering Account:. All Permanent Account wagers placed via the internet, the touch tone system and the live operators can only be cancelled through an operator at the telephone betting center at TELBETS When thirty 30 minutes or less remain before post time of a race, permanent account wagers made in the branches, the Race Palace and the Fast Track locations may only be cancelled through an operator at the telephone betting center at TELBETS Please call Customer Service at extension or if you have any questions or require assistance.
When complete, you may submit it in one of the following ways: Horse bettors can also access the action from Belmont at a trusted and respected online racebook like the one at bodog. Off track betting in the state is administered by five separate public corporations. Though too numerous to list individually, these are some of more popular off track betting parlors in New York state. Please note that locations are subject to change. Below is a selection of locations in each of the regions.
When it's impossible to make it out to the race track to place your bet, online horse betting sites provide a very convenient alternative. Choose from the respected online racebooks below, and place your bets from home!
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