A SHARED PARIMUTUEL BOARDLIVING IN A UNISWAP V4 HOOK.NO BOOKMAKER AND NO ORACLE:THE BOARD SETTLES ITSELF.
TAKEOUT 15 % · WRITTEN AT THE TOP OF THE BOARD
THE WINDOW NEVER CLOSES
OPEN APPBACK A HORSE, WATCH THE BOARD, CASH A TICKET. OPEN TO THE LAST SWAP: THE AVERAGE MAKES THE LATECOMER HARMLESS.42 HORSES, NUMBERED 01 TO 42 · THREE RULES, NOTHING ELSE
Nobody sets a price. The odds of a horse are a quotient of two public numbers, recomputed at every ticket for all 42 at once. Backing a horse lowers its own odds: there is no way to stake without diluting yourself.
odds(i) = pot / stakes on i
The winner is the horse whose share of the pot stayed the lowest on average over the whole race. No oracle, no outside result, no feed. The board settles itself, and a last minute rush changes almost nothing in a long average.
winner = min(avg share of 42)
A race is 4,200 swaps at level 1. Not minutes, not blocks. Every trade on the pool moves the field one length and feeds the pot. A quiet market stretches the race, a nervous one shortens it. One swap is one length: capital buys no speed.
4,200 swaps to the post
| Classic tote operator, straight win | about 25 % |
| Some exotic bets | up to 35 % |
| This board | 15 % |
NOT A PERFORMANCE, AN ABSENCE OF INTERMEDIARY: NO HALL, NO COUNTERS, NO LICENSE TO AMORTIZE. THE FIGURE SITS AT THE TOP OF THE BOARD AT ALL TIMES, NEVER IN THE FINE PRINT, AND ZERO OF THE FLOW GOES TO THE TEAM.
