Pari-mutuel or paramutuel is one form of wager placement wherein all the bets are pooled together before an event. The subsequent accumulation makes the grand total for the winning purse, and will be distributed among players who have winning tickets. The players’ “win” depends on the type of wagers they have placed in the first place. This type of wager system is quite common among sports events, but none so as that found in all horse racing dealings.

Pari-mutuel derives its meaning from a French term, which means “group betting.” Essentially, players who subscribe to this kind of wager placement hopes of getting a large return after each race. Before the game begins, a tote board (or totalisator) continuously calculates odds and potential returns as more bettors place their individual wagers. The return is actually dependent on how much money is bet in total. Many consider pari-mutuel betting as the only legal betting system accepted in the world.

PTC or Premier Turf Club, whose website is located at http://www.premierturfclub.com, is a U.S. Based pari-mutuel national account wagering system based in Fargo, North Dakota. PTC’s wagering platform is quite different from all other internet betting sites because it combines state-of-the art technology with the easy functionality of a personal bookie. Betting online at PTC’s website is literally like betting at the horse racing site minus the hassle of going to the venue; plus a player gets all the time he needs to set up his betting strategy.

Unlike most offshore bookmakers that do not subscribe to the pari-mutuel payment scheme, PTC actually pays the tracks for the right to accept simulcast wagers on their races and is allowed to combine those wagers with the on-track pari-mutuel pools. Premier Turf Club also does not charge wagering fees, and after successful campaigns on the race tracks, it offers cash rewards to their winning members: redeemable via checks, ACH (Automated Clearing House) fund transfer or wire transfer.

PTC also showcases a reliable tote board that posts current odds for individual runners of each race. The information on the boards is more than accurate, and players can easy see the possible dividends if the runners they are backing up meet all expectations. Aside from that, this computerized tote board also processes all pari-mutuel wagers, issues flexible tickets, and eventually awards winning tickets. PTC has one of the most secure totalisator systems in the world.

About the Author

Jimmy Mayon (MBA, BSEE) is a technologist with an enthusiasm for Horse Racing. During the last 25 years he has been managing banking and online transaction processing technologies for private and public sectors. Today he specializes in open source development using Java, PHP, Linux, and MySQL.

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