When directed, insert your account card to confirm the transaction. Your new balance will be immediately posted to your account. You will be issued a receipt for your deposit. Funds will be deposited to the wagering account on the next bank day. Checks returned due to insufficient funds shall result in the account being locked until the deposit is covered.
Please make sure to have enough funds available to cover each transaction, as your check will be deposited immediately. Nassau OTB reserves the right to utilize your personal account wagering funds to cover unpaid checks at its own discretion. Return check fees may apply. Press 3 to register by phone and make your first transfer. The limit is the maximum amount that is outstanding i. Once you have established your Nassau OTB wagering account for at least 90 days, you are eligible to use Cash Call Within minutes after authorization is verified, your Cash Call deposit will be credited to your account.
The amount of your deposit and the service fee will appear on your next credit card statement. You must use your own credit card. No 2-party transactions are allowed. Please note that your PIN will be needed to make such transactions and, for security purposes, you should not release your PIN to anyone.
If you wish to have some or all of your balance mailed to you, simply complete a withdrawal slip pdf and mail it to:. Checks will be mailed out within three 3 business days of receipt. All mail-withdrawal requests must arrive with a withdrawal slip to ensure accuracy. Withdrawal slips are available on-line or by calling the Customer Service at ext. Cash voucher withdrawals may be made in person at all Nassau OTB locations during operating hours through any self-service terminal. Click here for Nassau OTB locations.
To make a cash voucher withdrawal follow these simple steps:. You will receive a credit voucher for the amount specified. You can take this voucher to any teller to obtain cash. Nassau OTB is working to improve your online wagering experience. Please check back for new exciting and convenient ways to withdraw funds from your account.
The following links will provide you with all the information that you need to wager using the touch tone system. Click here for the Touch Tone Betting Guide. OTB waives the surcharge and you receive track prices for any winning wagers placed on a Permanent Wagering Account:.
All Permanent Account wagers placed via the internet, the touch tone system and the live operators can only be cancelled through an operator at the telephone betting center at TELBETS When thirty 30 minutes or less remain before post time of a race, permanent account wagers made in the branches, the Race Palace and the Fast Track locations may only be cancelled through an operator at the telephone betting center at TELBETS Please call Customer Service at extension or if you have any questions or require assistance.
When complete, you may submit it in one of the following ways: Box Mineola, NY Patrons must be at least 21 years of age. If you have a questions please call Customer Service at ext or All copies should be legible to avoid delays in processing. Please read and accept the Terms and Conditions for this website before you login.
After the Civil War, horse racing tracks opened throughout the east coast paving the way for bettors from all economic sectors to enjoy the thrill of the past paced action. In the Early days of horse racing, many enterprising bookmakers started 'auction pools' which involved auctioning off bets for each horse in a race.
But this format was short lived because bettors were out of luck if the horse that they wanted to wager on was already taken. The bookies, known for being innovative, soon realized that setting odds on individual horses would increase betting handle and, in turn, the bookie's hold. When there was overwhelming money on one horse, the bookmaker would simply lower the odds to increase the attractiveness of other horses in the race.
This format is still in use today. By the s there were more than racetracks in the US in addition to thousands of 'pool halls,' or off-track betting facilities, which were connected to the tracks by telegraph wires. Here locals could place their bets on horses at a multitude of racing venues around the country.
Illinois was the first state to permit race tracks to own and operate OTB facilities. Parimutuel betting French for mutual betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
The parimutuel system was invented by Parisian perfume maker Pierre Oller in when asked by a bookmaker friend to devise a fair system for bettors which guarantees a fixed profit for the bookmaker. The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, "automatic totalisator" or "tote board". Since then totalisators came into widespread use at race courses throughout the world.
The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games such as Lotto South.
Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at OTB facilities, where players may bet on the events without actually being present to observe them in person.