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200418 FRIDAY SOUTH AFRICA (FAIRVIEW) RACE CARD Race 16:40PM1324237Seattle Lily2223557Seattle Spark3545009Pepper Dust48880Muriel5366043Raise Your Hand68800Masgegede7008060Barker868070Untamed Spirit9005Sport
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01
Obtain a program or list of horses and betting options.
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Choose a horse or outcome you wish to bet on.
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Decide on the amount you want to wager.
04
Place your bet with the designated betting teller or machine.
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Keep your ticket safe until the end of the race or event.
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Collect your winnings if your selection is successful.

Who needs parimutuel wagering how conducted?

01
Individuals who want to bet on horse races, sporting events, or other competitions where parimutuel wagering is used.
02
Racetracks, sportsbooks, and other establishments that facilitate betting activities.
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Parimutuel wagering is a betting system in which all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets.
Entities that conduct parimutuel wagering such as race tracks, off-track betting facilities, and casinos are required to file.
To fill out parimutuel wagering reports, entities must provide detailed information on the total amount wagered, the amount paid out to winners, and any deductions or expenses incurred.
The purpose of parimutuel wagering is to provide a fair and transparent betting system where odds are determined based on the total pool of bets, rather than set by the house.
Entities must report on the total amount wagered, amount paid out to winners, any deductions or expenses, and details of the betting pools.
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