Is bingo a premutal game?...or somthing else?

Question

I was just wondering what is was because we were talking about it in math class today and if we get it on the test and explain why then we get extra points. :D

Answer 1

When you say 'premutual' do you really mean 'parimutuel'?

Answer 2

First - the correct term is called "Parimutuel Betting".

Basically, what it means is a community money-pool, where everyone cashes in, the "house" takes its percent and than the profits are divided according to a formula of how many each player put in.

So... no. Bingo is not supposed to count as parimutuel betting.

In any case - you are welcome to visit http://www.allbingoclub.com/ and see the "getting started" part - you can find some valuable bingo info there - not necessarily to relevant to this question - but to bingo in general.

Answer 3

Bingo is fun but to bad for the people in your class that are not good at math.