🛎️Parimutual System

Introduction to Parimutuel System and Traditional Bookmakers

In sports betting, two prominent models define how bets are placed, odds are determined, and payouts are distributed: the Parimutuel System and Traditional Bookmakers. Each offers unique features catering to different bettor preferences.

Parimutuel System

The Parimutuel System, used by platforms like Arenaton, represents a decentralized and dynamic betting approach. All bets are pooled together, and the odds for each outcome are determined by the proportion of bets placed on each. As more bets are placed on a specific outcome, the odds for that outcome decrease, and vice versa. This system emphasizes transparency and allows bettors to witness the evolution of odds in real-time.

Advantages of the Parimutuel System:

• Transparent and fair odds calculation

• Community interaction and strategic betting

• Higher potential payouts, especially for longshot outcomes

• Reduced risk exposure for the platform

Traditional Bookmakers

Traditional bookmakers operate on a fixed-odds model. Bookmakers set the odds based on their analysis, and these odds are fixed at the time of the bet. Bettors know their potential payout in advance, providing stability and predictability. However, the odds are designed to ensure a profit margin for the bookmaker.

Advantages of Traditional Bookmakers:

• Predictable odds and payouts

• Familiarity and ease of understanding

• Lower potential variability in payouts

Summary

The Parimutuel System offers a dynamic, transparent, and community-driven betting experience with the potential for higher payouts. In contrast, traditional bookmakers provide a stable and predictable experience, with fixed odds and known payouts. Arenaton’s adoption of the Parimutuel System highlights its commitment to transparency, fairness, and an engaging betting environment for its users.