Betting on jai alai normally takes place in the form of parimutuel betting rather than fixed-odds betting. In parimutuel betting, all bets of a particular type are placed together in a pool. The house-take (“vig”) is removed from the pool, and so are certain other costs, e.g. state and/or federal tax. The remaining pool is then shared with all the winners. This means that the final payout for a win isn’t known until the pool is closed and the number of wins have been determined.
In some countries, parimutuel betting is known as toto, a name derived from the totalisator used to calculate and display bets already made. Read more about betting in Europe at www.spelbolagbonus.eu where you also find betting companies and bonuses.
Jai alai is an anomaly in the world of parimutuel betting, since most parimutuel betting takes places on animal-based events, such as greyhound racing, flat racing and harness racing, or on lottery drawings that doesn’t involve any race or sport at all. In most parts of the world, parimutuel betting on events where humans compete is not the norm.
Betting on Jai Alai in the United States
These are examples of bets on jai alai available in the USA. Please note that the rules of a bet can vary from one establishment to another, especially if they are located in different states. Always check the rules of the specific gambling establishment that you wish to bet in.
- WinYou bet on your selection as the winner, and only get paid in case of a victory. Second place or worse will give you nothing.
- PlaceYou bet on your selection finishing in first or second place. Your payment is the same regardless of whether your selection finishes first or second. Third place or worse will give you nothing.
- ShowYou bet on your selection finishing in first, second or third place. Your payment is the same regardless of whether your selection finishes first, second or third. Fourth place or worse will give you nothing.
- Daily DoubleYou select the winning entries of the first and second contest. You must be right for both contests to win.
- Pick-3Your select the winning entries of the first, second and third leg of the Pick 3. You must be right in all three legs to win.
- QuinellaYou select the two entries that will finish 1st and 2nd, and you only bet paid if they finish in the right order.
- Quinella boxYou select three or more entries that you think will finish 1st and 2nd. If two of your entries finish 1st and 2nd, in either order, you win. The more entries you select, the more expensive this bet becomes.Example: You select three entries and pay $6. If you had selected six entries instead, the cost would have been $30. Selecting eight entries would cost $56, and so on.
- Exacta perfectaYou select the first two finishers in the race, in the exact order.Example: You select D-F. That means that D must win and F must place 2nd for you to get paid.
- TrifectaYou select the three first finisher in the race, in the exact order.Example: You select D – F – C. That means that D must win, F must place 2nd and C must place 3rd for you to win.
- Trifecta boxYou select three or more entries that you think will finish 1st, 2nd and 3rd,Your selections internal order does not matter; they can finish in any order and you will get paid as long as they finish in the 1-3 span.
The more entries you select, the more expensive the bet becomes.
Example: You select three entries and pay $6. If you had selected six entries instead, the cost would have been $120, since your bet went from 6 combinations to a whopping 120 combinations. Selecting eight entries would cost $336, and so on.
- Trifecta key
You select one entry that you think will win (the key entry), and then at least two entries that you think will finish second and third (in any order). The price of the bet goes up the more entries you select. So, if 1 + 2 would cost $2, then 1 + 3 would cost $30 and 1 + 4 would cost $42.
You select the four entries that you think will finish 1st, 2nd, 3rd and 4th,, in that exact order. You only get paid if they finish in those spots, in the right order.