Pari-Mutuel Betting

 

In this year’s Gunslinger, 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

Division Champions: Win, Place, Show (Choose from 6 teams per flight)

Sixteen Divisions: Flights 1 thru 16

 

Wagering Rules:

  1. Bets can be placed via email to Mike Lynch by Wednesday, June 19th 6:00 pm.
    1. When placing a bet via email, you need to include the following information:
      1. Send email to Mike Lynch at ltmgcmike@gmail.net
      2. Team name or number
      3. Minimum bet is $5.00 per bet with increments of $5.00.  No Maximum bet!
      4. Amount of bet in $5 increments on Win, Place, or Show.
      5. Example: Team 17, Win, Place, Show for $15
    2. Once the bet is entered into GG, you will receive an email back confirming your bet along with the amount.
  2. The Weather ontingency rules for the tournament will apply for pair-mutuel betting.
  3. 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. You will need to pay your bet on Thursday night, with either cash or check (preference is cash).  No payments will be accepted via Zelle.
  2. If you have a registered bet(s) and have not paid, your bet will be deleted.

 

Thursday night, June 27th 5 to 8 pm:

  1. On Thursday night, June 27th, there will be a table available to make more bets up until 8 pm.  CASH OR CHECKS ONLY on Thursday night!
  2. All bet(s) placed Thursday night will also receive an email back confirming the bet(s).  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!

 

NO MORE BETS WILL BE ACCEPTED AFTER 8:00PM ON JUNE 27th

 

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/G Portal Friday morning!
  2. Winners are determined by the most amount of points within the flight. 
    1. If there is a tie, pari-mutuel will follow the same rules as the tournament.
  3. 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.
  4. Payouts will be paid via cash on Sunday afternoon around 6 pm. Or, it will be paid over the next 7 to 10 days via Zelle, Paypal or Venmo.
  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.