Pari-Mutuel Betting

 

In this year’s Member/Member, we are offering another opportunity for betting on this event! Pari- Mutuel Betting is a chance to place a small wager in which all bets of a particular type are put together in a pool and, playoff odds are calculated by sharing the pool among all the winning bets.

 

Type of Wager

Flight Champions: Win, Place, Show (Choose from 16 teams in Flights 1 thru 5)

 

Wagering Rules:

There will be two ways to place bets this year.

Email

Bets can be placed via email to Mike Lynch by Friday, July 26th 12:00 pm.

When placing a bet via email, you need to include the following information:

Send email to Mike Lynch at ltmgcmike@gmail.com

Team name

Minimum bet is $5.00 per bet with increments of $5.00. No Maximum bet!

Amount of bet in $5 increments on Win, Place, or Show.

Example: Team 17, Win, Place, Show for $15

Send payment Via Venmo

Friday night, July 26th 5 to 8 pm.

Fill out Pari-Mutuel betting worksheet

Send payment Via Venmo

Once the bet is entered into GG, you will receive an email back confirming your bet along with the amount.

 

The Weather Contingencies rules for the tournament will apply for pair-mutuel betting. 

 

MAKE SURE THE BET AND AMOUNT IS CORRECT. IF THERE IS A PROBLEM NOTIFY MIKE ASAP. THIS PARIMUTUEL RECEIPT IS THE FINAL BET, NO CHANGES, NO EXCEPTIONS!

 

Payment Rules:

  1. Instead of cash exchange, we are going to use ONLY on-line payment Venmo.  Please send your money to my Venmo account at @Michael-Lynch-63 by July 26, Friday 10 pm.  If you don't have Venmo, you can pay me cash Friday night ONLY!  
  2. If you have a registered bet(s) and have not paid by the beginning of Saturday round, your bet will be deleted. We are trusting that if you place an email bet you will pay!

 

NO MORE BETS WILL BE ACCEPTED AFTER 10:00PM ON JULY 26th

Parimutuel Odds and Winners:

  1. The odds will change depending on the amount of money wagered on that team. The final odds will be posted on the M/M Portal Saturday morning.
  2. Winner is determined by lowest team net score by flight after both rounds.
  3. Ties will follow the tie breaker rules of the tournament for 1st place ONLY, all other places will split the monies.
  4. If the winners do not have any bets against their Team, then that pool money will be paid to the next winning team in order of Win, Place and Show of teams that have bets place against their team.
  5. At any time, you can also view the portal to see the current odds, final results along with the amount of bets placed per team.