Partners
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.
If you are interested in learning more about business relationships and opportunities please contact us at: info@parimutuelentertainment.com
