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definition of off track betting

(8) "off-track betting office" means any location within an off-track State at which off-track wagers are accepted;. (9) "host racing association" means any. off-track betting: Wagering at legalized betting outlets, usually run by the tracks, management companies specializing in pari-mutuel wagering, or. One meaning for OTB is 'off-track betting,' which refers to legal gambling on horse racing outside of the race track. Usually, when you are into horse racing. TAX ON HORSE RACING BETTING CALCULATOR

Starting Stalls Mechanical gates that ensure all horses start in unison. Stayer Also, Slayer A horse that can race long distances. Steam When a betting selection starts to move quite rapidly, usually caused by many bettors betting on it. Steeplechase A race in which horses are required to jump over a series of obstacles on the course. Also known as a 'Chase'. Stewards The group of people who control the day's racing by ensuring that every runner competes on its merits and imposing penalties for any breach of the rules of racing.

Stewards Enquiry An enquiry by the stewards into a race. Stick Also, Bat A jockey's whip. Stickers Calks on shoes which give a horse better traction in mud or on soft tracks. Stipes Another term for the Stewards. Or Stipendiary Stewards Stooper US Those who make a living picking up discarded mutuel tickets at racetracks and cashing those that have been thrown away by mistake.

Store US A sportsbook or a bookie. Straight Betting to win only. Straight Forecast UK A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order. See 'Exacta'. Straight Six A wager to correctly select the winner of each of six consecutive nominated races. Strapper Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment.

Stretch home-Stretch Final straight portion of the racetrack to the finish. Stretch Runner Horse that runs its fastest nearing the finish of a race. Stretch Turn Bend of track into homestretch. Stud 1 Male horse used for breeding.

Superfecta A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four. Sure Thing A horse which a punter or tipster believes is unbeatable in a race. Sweepstakes Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse.

The people which chose the winner and placegetters will receive a percentage of the total money pool. System A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage. The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax. Taken Up A horse pulled up sharply by his rider because of being in close quarters.

The Jockey Club An organization dedicated to the improvement of Thoroughbred breeding and racing. Incorporated Feb. Thick'un A big bet. Ticket The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends. Ticketer US A forger of bookmakers' tickets. Tic-Tac The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse.

Tierce A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd. Tips The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster A person who makes selections for a race, providing tips on which horses they believe will win the first three places.

Top Weight See 'High Weight'. Totalizator Totalisator The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc. Synonyms: Tote, Parimutuel. Tote Totalizator.

The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board The usually electronic totalizator display in the infield which reflects up-to-the-minute odds.

It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc. Since then, the industry has flourished nationwide with hundreds of off-track betting facilities across the country.

The CPMA makes regulations in respect to pari-mutuel betting, and is responsible for ensuring the integrity and fairness of betting systems in Canada. Among the responsibilities of the CPMA include administering drug tests to horses to enforce the anti-drug policies. They are also responsible for distributing racing licenses, keeping a horse registry and running a problem gambling group.

If accepted, the site operator receives no profit from the betting exchanges—they make money from the increased traffic of customers and other creative methods. There are also a number of racetracks located in Ontario.

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Thus the industry's revenue increased even as the number of spectators at the track went down. Bettors in New York can avoid paying the surcharges by placing their bets via an off-track betting corporation's account wagering service or at so-called super branches or teletheatres that charge a daily admission fee. Other jurisdictions such as Pennsylvania do not levy a surcharge on winnings.

Most booked bets are now placed with licensed services in the Caribbean and Central America who entice bettors by offering them rebates on their bets. Since then, the industry has flourished nationwide with hundreds of off-track betting facilities across the country.

The CPMA makes regulations in respect to pari-mutuel betting, and is responsible for ensuring the integrity and fairness of betting systems in Canada. Most booked bets are now placed with licensed services in the Caribbean and Central America who entice bettors by offering them rebates on their bets.

Since then, the industry has flourished nationwide with hundreds of off-track betting facilities across the country. The CPMA makes regulations in respect to pari-mutuel betting, and is responsible for ensuring the integrity and fairness of betting systems in Canada. Among the responsibilities of the CPMA include administering drug tests to horses to enforce the anti-drug policies.

They are also responsible for distributing racing licenses, keeping a horse registry and running a problem gambling group. If accepted, the site operator receives no profit from the betting exchanges—they make money from the increased traffic of customers and other creative methods.

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Collecting on Winning Tickets in OTB

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