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Maryland Off Track Betting

OTB LOCATIONS » MARYLAND

Cambridge

  • Cambridge Turf Club
    Rt. 50, Cambridge, Md. 21613
    Tel. No.: +1 410 901-6104

Colonial Beach

  • Riverboat on the Potomac
    301 Beach Terrace
    Colonial Beach, VA 22443
    Tel. No.: +1 804 224-7055
    Fax No.: +1 804 224-4700

Frederick

  • The Cracked Claw
    3363 Urbana Pike
    Frederick, Maryland 21701
    Tel. No.: +1 301 831-1202
    Fax No.: +1 301 831-1190

North East

  • Northeast Racing and Sports Club
    2360 Pulaski Highway
    North East , Maryland 21901
    Tel. No.: +1 410 287-4303
    Fax No.: +1 410 287-3157

Ft. Washington

  • Rosecroft Raceway
    6336 Rosecroft Drive
    Ft. Washington, MD 20744
    Tel. No.: +1 301 567-4000

Ocean City

  • Ocean Downs
    Routes 589 & 50
    Berlin, MD 21811
    Tel. No.: +1 410 641-0600

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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.