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Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at “off track” facilities, where players may bet on the events without actually being present to observe them in person. If someone tells you that they have a “lock,” or a bet that can’t lose, run the other way. Vegas doesn’t have all those fancy casinos because there are locks in sports betting. Read more