![]() The bets are collected and placed into a “pool.” In horse racing, this is called the “Pari-Mutuel pool.”.Bettors place their bets on a particular event or race, such as a horse or sporting event. ![]() However, it’s important to understand the mechanics behind it. Pool betting can be a thrilling way to engage with your favorite sports or horse racing events. Survivor pools: This involves betting on which team will win each week of an NFL season, with the catch that each team can only be chosen once.įantasy betting: This includes betting on individual player performance in games or seasons, with points awarded for various statistics. This is one of the most popular ways to bet on the March Madness college basketball tournament. In pool betting for sports, different types of bets can be placed, such as:īracket pools: This essentially means betting on the outcomes of a series of games in a tournament. The final payout for each winner depends on how many people bet on the winning team or player and how much money was in the pool. However, in sports pool betting, the payout is determined by dividing the pool among the winners. This type of betting is similar to Pari-Mutuel, as all bets are placed into a pool. ![]() Pool betting is commonly used in fantasy betting and survivor pools. Quinella: betting on the first two horses to finish in any order Pool Betting in Sports Trifecta: betting on the first three horses to finish in the correct order Place: betting on a horse to finish in the top two or three (depending on the number of horses in the race)Įxacta: betting on the first two horses to finish in the correct order Win: betting on the horse that will finish first In pari-mutuel betting, different types of bets can be placed, such as
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