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What is a gentleman's bet?

A gentleman's bet to a bet in which nothing is wagered. The winner receives nothing but respect only.


How do you calculate pari-mutuel payouts for horse racing bets?

Pari-mutuel payouts for horse racing bets are calculated by dividing the total amount of money wagered on a race by the total amount bet on the winning horse. The resulting quotient is the payout per dollar bet on the winning horse. This method ensures that the payouts are distributed based on the total amount of money wagered, rather than set odds.


Is a horse race purse size determined by the amount of betting on the race?

no the purse is determinded on the race when you bet you get some money fromo the purse if the horse u bet on wins Actually, the Purse has nothing to do with the amount of money wagered in a horse race. The Handle is the total amount wagered on that race and after the track takes some out and the taxes are removed then the rest is divied up among the winning tickets. These are called Pools and there is one for each style/type of bet (Win Pool, Place Pool, Show Pool, Exacta Pool, Trifecta Pool, Pick 3 Pool, etc).


What is 6to1 odds in horse racing?

Simply, in this case, if you bet $1 on a horse to win, and the horse does win, then you will get $6 back. Further, if you bet $2, you will get $12 back. $5 will get you $30, etc... You will also get back the money you wagered. SO, if you bet $2 and win at 6 to 1 you will receive $14 (your $2 plus your winnings of $12),


How much money is bet on basketball?

£7.89


What do you do if you make a bet with your best friend and they lose?

well they owe you what they wagered, I mean a bet between friends is still a bet. However if it was silly or not meant to be taken too seriously then you can just forget about it and wave it off as a good laugh.


What is book making?

The crime of book-making is one of acting as an agent for illegal betting. The book-maker (or "Bookie") takes bets on various events or outcomes. When a bet loses, the Bookie keeps that money. When a bet wins, the Bookie pays the winner.


What is the technical definition of betting?

A bet is usually deemed as an agreement between two people where the person who predicts a correct outcomes wins whatever was wagered. It is also known as to stake.


Does Justin Bieber care about how much money his girlfriend has?

no because he cares if there pretty i bet


What does the term "minimum odds" refer to in the context of betting?

"Minimum odds" in betting refer to the lowest odds at which a bet can be placed in order to be eligible for a particular promotion or bonus offer. It is the minimum ratio of potential winnings to the amount wagered that must be met for the bet to qualify.


How much money does the Anicent Mew Pokemon card?

In my book that was made in 1999, it is worth 70.00 If it is in good condition! But i bet now it would cost like 90.00! Hope that Helped!Taylor Drawer


How much money got bet on the Melbourne cup this year by Australia?

14 cents by cooper