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If this is your first season betting on baseball, well, you picked an interesting one. Unlike football and basketball where the majority of bets are based on the point spreadbaseball is a moneyline sport. This means that bettors need to pick only who wins the game, not who covers.

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Located minutes south of downtown Chicago, majestic comes to mind when describing Balmore Park. Balmoral is a horse players playground and is located a quick Hawthorne Race Course is home to the Chicago Derby, which had its first running in For those outside the Land Of Lincoln, fantastic Chicago horse betting excitement is just a click away once you open in an online betting account of one of our top rated racebooks.

For horse racing action from around the globe, open an account today. Those who crave the live action of horse racing, in a track like setting, can visit one of the recommended OTB brureaus at OffTrackBettingChicago. Down the street, or around the State of Illinois, live horse wagering action is closer than you think! Most of our top recommended OTB bureaus feature state of the art, high definition televisions, quality sound for the call of the race. Top it off with exciting pari-mutual betting, that comes with real time track odds.

When it comes to online horse betting, we dig deep to bring horse racing fans the safest, most convenient, racebook betting on the Internet. Open an online horse betting account and get into the winners circle today! Fantastic horse betting action abounds in the Chicago area. For those who can't make it out to the fabulous tracks like Hawthorne Race Course or Balmoral Park, or even to a Chicago area OTB bureau, we recommend one of our top online racebooks!

With the advent of online Racebooks, North American horse betting fans have more wagering options available than ever before. State St. Independence Blvd. Springfield - Capital Teletrack Wabash Ave. Waukegan - Sports Spectrum S. Green Bay Rd. Place a bet on your favorite horse now. 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 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".

Since then totalisators came into widespread use at race courses throughout the world. 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. 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. We do not endorse, and are NOT responsible or liable for any third party content, products, or services available from such websites.

Online gambling may NOT be legal in your jurisdiction. Do NOT gamble online unless you have verified that it is legal for you to do so.