The System
Parimutuel Entertainment™ is a unique system that allows today�s casinos and users alike, to engage in one of the hottest growing events world-wide, with the traditional history from hundreds of years.
Parimutuel Entertainment™�s System allows any event of 32 or more teams upon which to wager. This allows events such as �The World Series of Poker� to enter all participants with the top players being named, and the others going into a pool. The system allows for multiple combinations for one to wager.
The most fascinating advantage of Parimutuel Entertainment™�s System is that it will give real time odds, equal across the board, in all participating casinos and gaming establishments. It will allow players to wager against everyone.
Parimutuel Entertainment™�s System will be operated by kiosks in all participating gaming establishments. Each kiosk will connect to the same main server to calculate exact odds and wagers.
This system will allow all participating gaming establishments to share in the take based upon the established �house� share for each event. The percentages on each take will be calculated from total event take and total take per gaming establishment.
The Association
By forming an Association of Parimutuel Gaming (APMG) in the near future, with an agreement in the state of Nevada, we will be able to coordinate all sports or event wagering into a system that allows across the board, equal odds, to all association members. It would also allow the Gaming Commission to monitor wagers and percentages, in addition to disbursements, per establishment.
The association is much like the one used today in horse racing. It would insure the sports books providing insurances, that wagers are based on the wagers collected. The percentage of the fees taken off the top of each wager would be distributed to the association members based on the wagers placed at their respective establishments.(This can be modified.)
Parimutuel Entertainment™�s System will be incorporated into existing gaming establishments (sports books) or a stand alone kiosk for those that don�t have sports books. The starting odds for each event will be calculated by the odds makers. They will be incorporated into an administrative system that averages all odds together to complete the opening odds. Once the odds have been posted in the system, the new odds will be based on the amount of wagers on each participant, and no new odds can be made. Once the event begins, all wagers are stopped and no new wagers are taken.
The AMPG will be able to work with all types of events, including the types today understood as illegal wagering practices. This system allows for legitimizing wagers. This will produce revenue for The State of Nevada and the Association members. It will also provide for charitable contributions to the community.
The AMPG will want to set up associations in any state accepting wagers on sporting events, to equalize all wagering just as it did with the association members. The National AMPG would be the coordinator to adhere to all laws and regulations for each state, as to keep Parimutuel Gaming System current and up to date.
Please be advised that if you are wagering over the internet, this activity is currently illegal in the United States and many other jurisdictions. A wagering site may be operating legally at their location but it may still be illegal for you to wager from your location. We suggest you check on the legal situation from any jurisdiction in which you may wager. Unless the current law changes, the operators of parimutuel wagering system will exclude all United States wagers over the Internet.
If you are interested in learning more about business relationships and opportunities please contact us at: info@parimutuelentertainment.com.
