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New Jersey Off Track Betting

OTB LOCATIONS » NEW JERSEY



Atlantic City

  • Bally's Park Place, Inc.
    Park Place and the Boardwalk
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 340-2000

  • The Borgata
    One Borgata Way
    Atlantic City, New jersey 08401
    Tel. No.: +1 609 317-7413

  • Caesars Atlantic City Hotel
    2100 Pacific Avenue
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 343-2780

  • Resorts Hotel
    North Caroline Avenue and the Boardwalk
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 340-6130

  • Sands Hotel
    Indiana Avenue and Brighton Park
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 441-4041

  • Showboat Hotel
    P.O. Box 840
    Atlantic City, New Jersey 08404
    Tel. No.: +1 609 343-4261

  • Tropicana Casino & Entertainment Resort
    Brighton Avenue and the Boardwalk
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 340-4452

  • Trump's Marina Hotel
    Huron Avenue and Brigantine Boulevard
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 340-5196

  • Trump Taj Mahal Casino Resort
    1000 Boardwalk at Virginia Avenue
    Atlantic City, New Jersey 08401
    Tel. No.: +1 609 449-5718


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East Rutherford

  • Meadowlands Racetrack
    50 Route 120
    East Rutherford, NJ 07073
    Tel. No.: +1 201 935-8500

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Freehold

  • Freehold Raceway
    Route 9 & Route 33
    Freehold, NJ 087728
    P.O. Box 6669
    Freehold, NJ 07728
    Tel. No.: +1 732 462-3800

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Mays Landing

  • Atlantic City Racing Association
    4501 Black Horse Pike
    Mays Landing, NJ 08330
    Tel. No.: +1 609 641-2190

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Oceanport

  • Monmouth Park
    175 Oceanport Avenue
    Oceanport, NJ 07757
    Tel. No.: 732-222-5100

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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.