Pari-Mutuel Horse Racing for Beginners

Jun 14, 2024, 2:48PM EDT

Pari-mutuel horse racing betting may be something you’ve heard of without knowing what it actually is. Horse racing betting sites mention pari-mutuels all the time, but beginners can bet left out of the loop.

Pari-mutuel horse racing betting is all about wagering against other players in a pool, instead of betting against the house. It’s similar to other bet types, but your payout is determined by how many other bettors wagered on the same race.

We’re here to help new players understand the complex world of horse racing betting. This guide will take you through how pari-mutuel bets work, why the pool system exists, and what the benefits are for bettors.

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