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Wyoming Off Track Betting

OTB LOCATIONS » WYOMING

Cheyenne

  • Players Sports Grille & OTB
    3307 Nationway
    Cheyenne, WY 82001
    Laramie County
    Tel. No.: +1 307 635-4427
    Fax No.: +1 307 635-6233

Evanston

  • High Country Inn
    1936 Harrison Drive
    Evanston, WY 82930
    Unita County
    Tel. No.: +1 307 789-7830
    Fax No.: +1 307 789-7832
  • Shilo Inn
    739 Luker Lane
    Evansville, WY 82636
    Natrona County
    Tel. No.: +1 307 234-4801
    Fax No.: Fax: (307 234-4955

Rock Springs

  • Bomber's Sports Bar
    1549 Elk Street
    Rock Springs, WY 82901
    Sweetwater County
    Tel. No.: +1 307 362-4723
    Fax No.: +1 307 362-7016

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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.