Parimutuel betting

Parimutuel betting (from the French: Pari Mutuel or mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are removed, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the Tote after the totalisator, which calculates and displays bets already made.

The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games.

Definition

Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed – in fixed odds betting, the payout is agreed at the time the bet is sold.

Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at "off track" facilities, where players may bet on the events without actually being present to observe them in person.

Perfecta (album)

Perfecta is the fifth album by alternative rock band Adam Again.

Track listing

References

Powerhouse

Powerhouse or Power House may refer to:

Places

Business

Powerhouse (TV series)

PowerHouse is a United States television series produced by the Educational Film Center at Northern Virginia ETV and aired on PBS for 16 episodes in 1982 (two episodes never aired). It billed itself as "a 16-part series for young people and their families," with the target audience being primarily kids, preteens, teenagers,& young adults, and it was widely praised by educational groups. The series was later rerun by Nickelodeon in the mid-1980s.

Description

Set in Washington, DC, PowerHouse is focused on the adventures of a racially and ethnically diverse group of five teenagers and one adult from the inner city, based at a former boxing and sports gym headquarters turned community center for kids and teens. The center was founded by Brenda Gaines, a woman who inherited the place from her late father, a former boxing champion. The basic theme of the series is that every person is a source of creativity and power. “We all have a PowerHouse deep down inside,” it said in the theme song of the show.

PowerHouse (programming language)

PowerHouse is a trademarked name for a byte-compiled fourth-generation programming language (or 4GL) originally produced by Quasar Corporation (later renamed Cognos Incorporated) for the Hewlett-Packard HP3000 mini-computer. It was initially composed of five components:

History

PowerHouse was introduced in 1982 and bundled together in a single product Quiz and Quick/QDesign, both of which had been previously available separately, with a new batch processor QTP. In 1983, Quasar changed its name to Cognos Corporation and began porting their application development tools to other platforms, notably Digital Equipment Corporation's VAX, Data General's Eclipse MV, and IBM's AS/400, along with the UNIX platforms from these vendors. Cognos also began extending their product line with add-ons to PowerHouse (for example, Architect) and end-user applications written in PowerHouse (for example, MultiView). Subsequent development of the product added support for platform-specific relational databases, such as HP's Allbase/SQL, DEC's Rdb, and Microsoft's SQL Server, as well as cross-platform relational databases such as Oracle, Sybase, and IBM's DB2.