![]() ![]() However, a wagering pool can also be harmful, especially if you don’t know the betting pool rules and/or understand the pool betting system. ![]() Since an online pool betting odd will be higher than the rest on average, it can be a quite useful gambling tool. If so, you already know the answer to what is pool betting question. Perhaps you have bought a few squares during the Super Bowl? Pool betting has been a popular form of wagering for many years. Most pool betting sites will subtract a bit of juice from each entry leaving the remaining amount to be divided equally between those who have selected the correct outcome. The jackpot in a pool bet is based on the number of entrants multiplied by the cost of entry. The simplest definition of pool betting is that it’s a form of gambling in which players pay a fixed price to enter. This is because if you don’t know the betting pool meaning (or how does tote betting work), you won’t be able to understand all other explanations. ![]() Let’s start by answering “ what is pool betting” question, which will also answer what does tote betting mean. ![]()
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