Further to that, Off Track Betting Bureaus are not always accessible as well. That's where online Racebooks come to the rescue. You can be lounging in the living room at home, or taking a break at the office, and yet still have access to thrilling horse betting.
- OffTrackBetting.com is a pari-mutuel Advanced Deposit Wagering (ADW) service, providing legal, secure and user-friendly phone and online account wagering. All wagers placed through OffTrackBetting.com.
- Off Track Wagering On August 5, 2001, acting Governor Donald T. DiFrancesco signed landmark racing legislation, known as the Off-track and Account Wagering Act. The Act provides for the licensing of the Sports and Exposition Authority to conduct account wagering and establish Off-track wagering sites with certain identified participants.
OTB LOCATIONS ยป NEW YORK
Batavia
- Western Regional Off-track Betting Corporation
700 Ellicott Street
Batavia, New York 14020
Tel. No.: +1 716 343-1423
Fax No.: +1 716 343-6873
Bronx
- The Fiddler's Elbow
3718 East Tremont Ave
Throggs Neck, Bronx
Brooklyn
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Hempstead
- Nassau Regional Off-track Betting Corporation
220 Fulton Avenue
Hempstead, New York 11550
Tel. No.: +1 516 572-2800
Fax No.: +1 516 572-2840
Off Track Betting Online
Hauppauge
- Suffolk Regional Off-track Betting Corporation
5 Davids Drive
Hauppauge, New York 11787
Tel. No.: +1 516 853-1000
Fax No.: +1 516 853-1080
Nassau
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New York
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Pomona
- Catskill Regional Off-track Betting Corporation
Park Place
Pomona , NY 10970
Tel. No.: +1 914 362-0400
Fax No.: +1 914 362-0419
Queens
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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.
Off Track Betting Account Rules
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.