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PARI-MUTUELS EXPLAINED ■ The most comprehensive explanation of pari-mutuel betting available to the racing public is found in the American Racing Manual. With the exception of the New York tracks, where bookmaking ia the only method of betting, all other race tracks in the United States and Canada use the pari-mutuels or a modification of this system, The public naturally is interested in knowing just how the mutuels are operated and the American Racing Manual is the only publication presenting an explanation which, amplified with examples, is easy to understand. This feature of the American Racing Manual is alone worth the price of the book.