otb.us - Off Track Betting US

LOGIN JOIN NOW

Louisiana Off Track Betting

OTB LOCATIONS » LOUISIANA

Arabi

  • The Finish line - Off Track Betting
    7718 West Judge Perez Drive
    Arabi, LA 70032
    Tel. No. : (504 271-9254

Gretna

  • The Finish line - Off Track Betting
    64A Westbank Expwy
    Gretna, LA 70053
    Tel. No.: +1 504 362-0496

Harahan

  • The Finish line - Off Track Betting
    5428 Citrus Blvd.
    Harahan, LA 70123
    Tel. No.: +1 504 734-5909

Houma

  • The Finish line - Off Track Betting
    111 Moss Lane
    Houma, LA 70360
    Tel. No.: +1 504 876-1865

Kenner

  • The Finish line - Off Track Betting
    1700 Joe Yenni Blvd.
    Kenner, LA 70065
    Tel. No.: +1 504 461-5246

Laplace

  • The Finish line - Off Track Betting
    2120 West Airline Hwy.
    Laplace, LA 70068
    Tel. No.: +1 504 651-6699

Metairie

  • The Finish line - Off Track Betting
    2700 Edenborn
    Metairie, LA 70002
    Tel. No.: +1 504 885-0490

New Orleans

  • The Fair Grounds Race Course
    1751 Gentilly Blvd.
    New Orleans, LA 70119
    Tel. No.: +1 504 943-2937

Thibodaux

  • The Finish line - Off Track Betting
    1766 Canal Blvd.
    Thibodaux, LA 70301
    Tel. No.: +1 504 493-3722

Place a bet on your favorite horse now.

OTB.us Information Services FREE Standard Access. Signup Now!


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.