An alternative form of betting to bookmakers or a betting exchange. All bets are placed into a pool, and dividends are paid by dividing the final pool by the amount invested on the winner, less a fixed percentage.[1] Found on http://en.wikipedia.org/wiki/Glossary_of_Australian_and_New_Zealand_punting
An alternative form of betting to bookmakers or a betting exchange. All bets are placed into a pool, and dividends are paid by dividing the final pool by the amount invested on the winner, less a fixed percentage. Found on http://www.translationdirectory.com/glossaries/glossary152.htm