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Which of the following is true about parimutuel betting? The race track's share is based upon a percentage of the winning bets. The race track's

  1. Which of the following is true about parimutuel betting?

The race track's share is based upon a percentage of the winning bets.

The race track's share is based upon a percentage of the losing bets.

The race track takes a fixed amount as its share from every race.

The race track's share is based on a percentage of the total money bet.

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