From my understanding[1][2], the Honk Kong Jockey Club does indeed follows a strict parimutuel pool betting system, like the PMU in France (at least years ago).

From my understanding[1][2], the Honk Kong Jockey Club does indeed follows a strict parimutuel pool betting system, like the PMU in France (at least years ago). Though you are right, the house have historically taken massive cuts per pool. Eapecially as for years they were the only allowed gambling arenas. [1] https://betandbeat.com/betting/parimutuel/ https://betandbeat.com/betting/parimutuel/ [2] http://special.hkjc.com/racing/info/en/betting/guide_qualifications_pari.asp http://special.hkjc.com/racing/info/en/betting/guide_qualifi...