It has enjoyed something of a renaissance these days thanks to exchanges such as Betfair or Betdaq. Pools betting is not a new concept – it has been around for over a century. However, the risk is higher, too, so you might be better off with a win or placing a bet if this is your first pools bet.ĭifferences Between Pools Betting and Fixed Odds Betting The payouts are much higher if you choose to go for exotic bets such as the exacta and trifecta.
The same goes for show and across-the-board bets. Since the chance of winning with a place bet is double, you can expect lower pool returns in this market. Horse race pool betting works with the place, show, and across-the-board bets. When a horse wins, a lot of people get paid. Win bets are divided by the stakes for each horse. Varied returns can be expected for the most popular market – the more wagers there are, the higher the probable return. The win online pool betting market implies choosing the runner you believe will finish first. Horse race betting pools work with a variety of bets. All winnings in horse racing go to a stake set by the bookmaker. After the track takes its cut, the bank is divided equally among the winners. The stakes are added together in a pot of sorts to form the pool. Often called tote, all horse racing betting is done in a pool. Horse racing is the perfect example of pari-mutuel wagering.
