bet pool

2007-10-19T13:19:00.000-07:00

bet pool

Horseracing - Pool BettingSo How Does it Work? Independent members of the exchange known as 'Liquidity Providers' provide a liquidity pool on each race which is displayed. This liquidity pool which resembles the corresponding on-track pool and moves in line with track odds will also be affected by orders placed directly by Tradesports members. Payout odds or prices are calculated based on the combination of prices from the track pools and the TradeSports pools. The take-out on TradeSports Horse Racing Markets varies between 5% and 10%, asMembers have access to liquid markets across all races and much higher payouts than any sportsbook or pool operator. How Does it Differ From Tradesports Traditional 0-100 Trading? When you place on order on a horse to win, (more markets coming soon) the possible payout will not be known until the pool is closed. This differs from the TradeSports 0-100 markets where your possible payout is known when your order is matched. There are no trading or expiry fees for themember. The Liquidity Provider pays the Exchange a fee to act in such a capacity.You can only bet a horse to win FAQs How do I know what price my bet will be settled at? The odds on display at any one time before a race has begun are always indicative odds and should only be used as a guide to the final payout price. The final payout on any horse is not decided until the pool is closed at the start of the race. At this time, all bets in the pool are collated and final payouts are calculated based on the bets placed on the TradeSports pool.How do Decimal Odds work? The Decimal Odds displayed on our Screens represent the $ payout on a $1 stake on that horse. The odds include your stake money as part of your total return. For Example, if you place a $10 bet and the payout is 6.0, then your total return including stake would be $60, winnings of $50 plus your original stake money of $10. What is the maximum and minimum bet? There is no maximum or minimum bet set by the Exchange. However, you can only bet to the amount that is available in the pool. This amount will be displayed on the betting screen beside the relevant race. What is Virtual Seeding? Tradesports has created horseracing pools by matching bets between members betting on individual outcomes and other members, acting as Liquidity Providers, who are betting on the cumulative result of each race. We do this by creating a pool using Virtual seeding from the Liquidity Providers' funds, which immediately creates a liquid pool into which you can bet. The Virtual seeding is a predetermined amount, currently USD$40,000 per race but is subject to change, and exactly mirrors the betting at the track. As such, the seeding changes as the percentage bet on each horse at the track changes. This creates a pool (Total Pool) which includes the Virtual Seeding and any bets made online by Tradesports members on individual horses. The Total Pool resembles the corresponding on-track pool and generally moves in line with track odds, but is also affected by bets placed directly by other Tradesports members. What is the TradeSports take-out? In computing payout odds, Tradesports currently takes out 5% of the amount bet in the pool (this can vary across pools and is displayed for each race). This compares to track takeouts of between 14-18% on average - the relevant Track Take-out is also displayed for each race. How are the payout odds calculated? The payout odds for any horse is calculated as the Total Pool less 5% divided by the bets in the Total Pool on that outcome (eg. horse winning). The bets on the outcome will consist both of bets made online by tradesports members and the percentage of the Virtual Seeding amount that represents bets made at the track on that outcome. Example: If 30% of the betting at the track is on horse #3 and the Virtual Seeding is 20,000 then 6,000 are the bets added to the Tradesports pool as part of the Virtual Seeding. If the betting on Tradesports for the race totals 10,000, of which 3,000 is on enterbet.com

http://www।enterbet.com/

Details about the Breeders' Cup Future Bet and the horses for Pool Three। regularly updated odds of horses in the Future Bet pools during open pool dates।
and payoff odds are calculated by sharing the pool among all placed bets। several different types of bets, in which case each type of bet has its own pool.
Details about the Breeders' Cup Future Bet and the horses for Pool Three. regularly updated odds of horses in the Future Bet pools during open pool dates.