Word: mutuels
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Dates: during 1930-1939
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...making a bet by the pari-mutuel system, a better goes to one of a row of windows, states the amount of his bet and the name of his horse, pays his money to a clerk, receives in exchange a ticket recording the transaction which he can cash after the race if his horse wins. The clerk records the bet; during the race, the odds on each horse are determined with mathematical fairness in ratio to the amount of money bet on each...
...Santa Fe, Governor Arthur Seligman last fortnight signed a bill legalizing horse racing with pari-mutuel betting...
...Oklahoma City, the Oklahoma House of Representatives last week passed a bill to legalize horse racing with pari-mutuel betting...
...Concord the New Hampshire House of Representatives last week voted to legalize pari-mutuel betting at racetracks...
...betting. Causes of this sudden wave of liberalizing seemed to be several: an extension of the anti-Puritanism that brought about the proposed 21st Amendment; the spread of interest in horse racing due to better management, better horses; the prospect of state revenues from betting. Wherever there is pari-mutuel betting, the state takes a percentage of the total amount wagered. Pari-mutuel betting is legal in Maryland, Kentucky, Illinois. Louisiana, Nevada. Montana, and, since 1931, Florida. This year, bets at Florida's No. 1 track, Hialeah Park, totaled $8,000,000, $2,000,000 more than last year...