You can bet with bookmakers (W/P/S + exotics), in which case your money goes into the US pools.
You can also bet with Betfair for Win/Show (and sometimes quinella). They don't operate on the parimutuel principle, but as a betting exchange. When you back a horse, someone else lays the horse. So it's a different model, and the odds are different from the tote odds, and those odds are fixed (which is a huge benefit imo, but anyway).
You can also place antepost bets with bookmakers. The odds of those are decided by the bookmaker, and they are fixed.
P.S. you can also bet exotics with betfair. That money goes into the US pools.
Last edited by gm10; 09-11-2011 at 05:34 AM.
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