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Iowa Off Track Betting

OTB LOCATIONS » IOWA



Altoona

  • Prairie Meadows Racetrack & Casino
    1 Prairie Meadows Dr.
    PO Box 1000
    Altoona, IA 50009-0901
    Tel. No.: +1 800 325-9015

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Burlington

  • Catfish Bend Casino
    902 Riverview Drive
    Fort Madison, Iowa 52627
    Tel. No.: +1 800 372-2946
    Fax No.: +1 319 372-9949

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Clinton

  • MississippiBelle II
    311 Riverview Drive
    Clinton, Iowa 52732
    Tel. No.: +1 800 457-9975
    Fax No.: +1 563 243-4020

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Council Bluffs

  • Harrah's
    1 Harrah's Boulevard
    Council Bluffs, Iowa 51501
    Tel. No.: +1 888 598-8451
    Fax No.: +1 712 329-6491


  • Ameristar Casino & Hotel
    2200 River Road
    Council Bluffs, IA 51501
    Tel. No.: +1 877 462-7827 / (712 328-8888
  • Bluffs Run Casino
    2701 23rd Avenue
    Council Bluffs, Iowa 51502-0420
    Tel. No.: +1 712 323-2500

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Dubuque

  • Dubuque Greyhound Park & Casino
    1855 Greyhound Park Rd,
    Dubuque, IA 52001
    Tel. No.: +1 563 582-3647
  • Diamond Jo Casino
    400 East 3rd Street,
    Dubuque IA 52001
    Tel. No.: +1 563 690-2100

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Emmetsburg

  • Wild Rose – Emmetsburg
    701 E. Main St.
    Emmetsburg, IA 50536
    Tel. No.: 712-852-2628

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Fort Madison

  • Catfish Bend Casino
    902 Riverview Drive
    Fort Madison, Iowa 52627
    Tel. No.: +1 800 372-2946
    Fax No.: +1 319 372-9949

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Marquette

  • Isle of Capri Marquette
    100 Anti-Monopoly Street
    Highway 18 West
    Marquette, Iowa 52158-0460
    Tel. No.: +1 800 496-8238
    Fax No.: +1 563 873-3993

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Osceola

  • Terrible's Lakeside Casino Resort
    777 Casino Dr.,
    Osceola, IA 50213
    Tel. No.: +1 641 342-9511

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Sioux City

  • Argosy IV
    100 Larsen Park Road
    P.O. Box 3775
    Sioux City, Iowa 51102
    Tel. No.: +1 800 424-0080

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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 parimutuel system was invented by Parisian perfume maker Pierre Oller in 1865 when asked by a bookmaker friend to devise a fair system for bettors which guarantees a fixed profit for the bookmaker.

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".

The first was installed at Ellerslie Racecouse in Auckland, New Zealand on 1913. Since then totalisators came into widespread use at race courses throughout the world. The first totalisator in the US as installed at Arlington Park, near Chicago, Illinois in 1933.

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.