Panama City's President Remon Racetrack in the Juan Diaz suburb offers racing Thursdays, Saturdays and Sundays. On Thursdays they start at 5.45 p.m. and on Saturdays and Sundays at 2.10 p.m. Closing time depends on the number of scheduled races.

Panama Horse Racing at Remon Racetrack

The President Remon Racetrack uses the parimutuel betting system which was invented by Parisian perfume maker, Joseph Oller in 1865 when asked by a bookmaker friend to devise a fair system for bettors which would guarantee a fixed profit for the bookmaker.

Using this system, there may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant. For example, Win -  to succeed the bettor must pick the horse which wins the race. Place -  the bettor must pick a horse which finishes either first, second or sometimes third (depending if there is a third dividend). Show -  the bettor must pick a horse which finishes first, second or third. Exactor -  the bettor must pick the two horses which finish first and second, in the right order. Quiniela -  the bettor must pick the two horses which finish first and second, but need not specify which will finish first. Triactor -  the bettor must pick the three horses which finish first, second , and third, in the right order.

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