Parimutuel Betting and the Betting Pool

For many people, online sports betting is the ideal way to bet on major sporting matches and horse races. As opposed to live betting, online betting gives bettors the opportunity to bet on any sport, anywhere in the world without ever leaving the comfort of their own homes. The accessibility of online sports betting has meant that more and more people are giving sports betting a try. However in order to win decent money online, you have to know what you are doing. Most people don’t really understand what parimutuel betting is and how the betting pool affects the payouts. Many people also get confused with fixed odds betting and how it works.

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