Macau (City) Pari-Mutuel

The City of Macau is located within Macau, China and offers 20 plus casinos; Native American Indian Casinos and State regulated casinos. Interestingly enough the City of Macau offers such superior casino entertainment that they are right up there with Las Vegas and is the second largest in the world. Legalization of gaming in Macau began in the 1850’s and the Asia-Pacific market continues to grow and a fast pace and will soon be referred to as Asian Las Vegas.

Pari-Mutuel betting in Macau City is an integral piece of horseracing and greyhound racing today. The system has players placing a bet on a certain horse or greyhound in a race. All players bets going in one money pool. After the race, a portion goes for taxes, a portion goes to the house and then to the winners. If you win, you receive your original amount of money bet. You also receive the remainder of the money that is pooled after it is divided up among all winners in amounts of $2. If you bet $2, you will receive one $2 unit. If you bet $50, you will receive 25 $2 units. The payoffs are created by odds that are determined by the percentage of an overall pool that was bet on each horse. The outcome of the horserace or greyhound race is unbiased in regards to the racetrack. Often times greyhound racing uses the same track as horseracing because the race tracks are a purpose-built facility and are circular or oval in shape where both types of racing can be done.

For greyhound racing in Macau City, The Yat Yuen Canidrome in Macau, located on Avenida General Castelo Branco and is reported as being the biggest track in Asia with greyhound races being held year round; Monday, Thursday, Friday and weekends with 16 games each night. For horseracing, players go to The Macau Jockey Club in Taipai City. Off-track betting is available at Jai-Alai Palace, Hotel Lisboa and Kam Pek Casino.

It is thought by some enthusiasts that greyhound and horseracing pari-mutuel betting may be on the decline in Macau. Both of these racing tracks self-regulate within the terms of their respective concession contracts. They establish their own rules of racing and qualifications for jockeys trainers and animals. Sometimes negative connotations are present because of unknowns that are not objectively computable because of the size of the reward is dependent upon other winning bettors available in the betting pool which is an unknown factor at the beginning of the race.