Preset-odds betting and Parimutuel betting frequently arise at many kinds of sporting occasions, and political elections. In addition quite a few bookmakers offer fixed odds on a number of non-sports related results, such as the path and extent of motion of various money indices, the winner of television competitions including Big Brother, and election effects.
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Parimutuel wagers repay at rates determined by guidance while in the wagering pools, though bookmakers repay either at the percentages made available at time of accepting the bet; or for the median odds supplied by track bookmakers at enough time the race started out.