19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
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Simple English definitions for legal terms
parimutuel betting
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A quick definition of parimutuel betting:
Parimutuel betting is a way of gambling where people place bets on a race. All the bets are put together in a pool, and the money is then paid out to the people who have winning tickets. The people who run the betting take a fee and taxes out of the pool before paying out the winnings.
A more thorough explanation:
Parimutuel betting is a type of gambling where people place bets on a race or event, and the money from all the bets is pooled together. After the race or event, the money is paid out to the people who made winning bets, minus a management fee and taxes.
Let's say there is a horse race with 10 horses. People can place bets on any of the horses to win. The total amount of money bet on all the horses is $10,000. After the race, the management takes out a fee of $1,000 and the taxes are $500. That leaves $8,500 to be paid out to the people who made winning bets.
For example, if someone bet $100 on the winning horse, they would get a share of the $8,500 pool. If there were 85 winning bets, each person would get $100.
Parimutuel betting is commonly used in horse racing, but it can also be used for other events like dog racing, jai alai, and even elections.