What is Pari-mutuel wagering?

When you make a wager you are NOT betting against the "house" as with most casino games. Pari-mutuel wagering means "betting among ourselves." The odds are dynamic and are solely dependent upon how you, the participants, place your wagers. When you're at the track or a simulcast wagering facility, the track extracts a commission from all wagers made, and re-distributes the remaining funds (or wagering pool) among the winners.

In fact, neither DerbyGames nor the racetrack have any interest in the outcome of the race. The track receives its commission per wager, similar to a stockbroker's compensation, no matter whether a favorite or longshot wins. We want you to win big! YOUR wagering determines the favorite and longshot odds, NOT racetrack management.

 

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