A progressive parlay is a joint wager on multiple events, for example team sports or horse races, however, unlike a regular parlay, if some of the individual bets lose, but most win, the bettor still wins, although with a much smaller payout, what is called, an accumulator, or combo bet is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together?
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Progressive parlay A progressive parlay is a joint wager on multiple events, for example team sports or horse races. Generally a progressive parlay involves a joint wager on four to twelve separate events. Should all the selected bets win, the bettor receives a relatively large payout, because of the sizable odds against this happening. However, unlike a regular parlay, if some of the individual bets lose, but most win, the bettor still wins, although with a much smaller payout. Several sites use a schedule where the bettor can lose one bet on a 4-6 event progressive parlay, can lose up to two bets on a 7-9 event progressive parlay, and up to three bets on a 10-12 event progressive parlay.
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Parlay (gambling) A parlay, accumulator, or combo bet is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or "pushes", the parlay reverts to a lower number of teams with the odds reducing accordingly.
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Performance-related pay Performance-related pay or pay for performance, not to be confused with performance-related pay rise, is a salary or wages paid system based on positioning the individual, or team, on their pay band according to how well they perform. Car salesmen or production line workers, for example, may be paid in this way, or through commission.
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Meld (cards) In card games, a meld is a set of matching cards, typically three or more, that earn a player points and/or allow him to deplete his hand. Melds typically come in sequences of ascending cards belonging to the same suit known as "runs" (8s  9s  10s ) or "sets/groups" of cards of identical rank (8s  8c  8h ). Other ones may be "marriage" (e.g. K♥ and Q♥ ) and "bezique" (Q♠ and J♦ ).
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Mikohn Gaming Mikohn Gaming is a former manufacturer of slot machines with a skill element in their bonus round. The Group's principal activity was to develop, manufacture and market branded slot machine and table games, gaming machines, gaming products including signage and progressive jackpot systems. Mikohn was purchased by Progressive Gaming International, however in 2009 Progressive filed for bankruptcy and their assets were purchased by IGT.
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Table limit The table limit is the minimum and maximum bet that a gambler can make at a gaming table. It is a form of yield management in that the limits can be changed to optimize the profit from a gaming table. Gaming tables have a limited resource to sell, the seats used by the players.
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Gambling in Maine Legal forms of gambling in the U.S. state of Maine include parimutuel wagering on horse races, the Maine Lottery, two casinos, and charitable gaming.
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List of bookmakers A bookmaker is an organisation or a person that takes bets on sporting and other events at agreed upon odds.
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P2P asset management Peer-to-peer asset management is the practice of sharing investment strategies between unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other collective investment management vehicle.
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Six Up (Horse Racing Terminology) Six Up is a horse racing terminology and bet type with a jackpot pool, which is operated by the Hong Kong Jockey Club. The player has to select correctly the 1st or 2nd horses in each of the six nominated races. There is a Six Win Bonus if the player correctly selects the winner in each of the six nominated races.
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Double Double Bonus Double Double Bonus is a video poker game based on Bonus Poker, which is in turn a variation of Jacks or Better. Double Double Bonus offers a higher payout percentage for four of a kind. The player is dealt five cards and can then choose which cards to keep or discard. New cards are dealt accordingly. The final hand must consist of a pair of Jacks or better in order to win.
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Multi-stage game In game theory, a multi-stage game is a sequence of several simultaneous games played one after the other.
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Video poker Video poker is an arcade or casino game based on five-card draw poker. It is played on a computerized console similar in size to a slot machine.
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Automotive X Prize The Progressive Insurance Automotive X PRIZE (PIAXP or AXP) was a set of competitions, programs and events, from the X Prize Foundation, to "inspire a new generation of super-efficient vehicles that help break America's addiction to oil and stem the effects of climate change." Progressive Insurance was the title sponsor of the prize, the centerpiece of which is the Competition Division, within which a 10-million-dollar purse was divided between the winners of three competitions.
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World Series of Poker Circuit The World Series of Poker Circuit is a series of poker tournaments held annually at a variety of casinos since 2005 as a build-up to the World Series of Poker (WSOP).
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Matching pennies Matching pennies is the name for a simple game used in game theory. It is played between two players, Even and Odd. Each player has a penny and must secretly turn the penny to heads or tails. The players then reveal their choices simultaneously. If the pennies match (both heads or both tails), then Even keeps both pennies, so wins one from Odd (+1 for Even, −1 for Odd). If the pennies do not match (one heads and one tails) Odd keeps both pennies, so receives one from Even (−1 for Even, +1 for Odd).
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Betting pool A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a "pool" (from which taxes and a house "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. (True parimutuel betting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.)
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Cribbage (pool) Cribbage, sometimes called cribbage pocket billiards, cribbage pool, fifteen points and pair pool, is a two-player pocket billiards game that, like its namesake card game, has a scoring system which awards points for pairing groups of balls (rather than playing cards) that total 15. Played on a standard pool table, participants who <dfn id="">pocket</dfn> a ball of a particular number are required to immediately pocket the companion ball that tallies to 15 when added to the prior ball's number. The goal is to score 5 paired cribbages out of a possible 8, with the exception that the last ball, required to be the 15 ball, is not paired but alone counts as 1 cribbage.
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Trio (Horse Racing Terminology) Trio is a horse racing terminology and one of the parimutuel bet types. The player has to select correctly the first, second and third horses in any order in a race. For a bet on the first three horses in exact order, see Trifecta.
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Bracket (tournament) A bracket or tournament bracket is a tree diagram that represents the series of games played during a knockout tournament. Different knockout tournament formats have different brackets; the simplest and most common is that of the single-elimination tournament. The name "bracket" is American English, derived from the resemblance of the links in the tree diagram to the bracket punctuation symbol ] or [ (called a "square bracket" in British English). The closest British term is draw, although this implies an element of chance, whereas some brackets are determined entirely by seeding.
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Daily fantasy sports Daily fantasy sports (DFS) are a subset of fantasy sport games. As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap, and earn points based on the actual statistical performance of the players in real-world competitions. Daily fantasy sports are an accelerated variant of traditional fantasy sports that are conducted over short-term periods, such as a week or single day of competition, as opposed to those that are played across an entire season. Daily fantasy sports are typically structured in the form of paid competitions typically referred to as a "contest"; winners receive a share of a pre-determined pot funded by their entry fees. A portion of entry fee payments go to the provider as rake revenue.
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Split draw A split draw is an outcome in several full-contact combat sports, including boxing, mixed martial arts, and other sports involving striking. In a split draw, one of the three judges scores the contest in favor of one fighter, another judge scores the contest in favor of the other fighter, and the third judge scores the contest as a draw. The decision is announced as a draw.