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It’s a nice balance between betting value and a decent probability of success. PARIMUTUEL- A form of wagering that originated in France in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. DECLARED- In U.S., a horse withdrawn from a stake in advance of scratch time. If the horse wins, the player collects three ways; if second, two ways; and if third, one way, losing the win and place bets. Read More
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