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Pari-Mutuel No. 308 by The Ozark Pencil Co.

 
   

Pencil details

Brand: Ozark Pencil Co.

Type: No ferrule

Made in: USA

Interesting note:

Pari-Mutuel is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vig" is removed, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the Tote after the totalisator which calculates and displays bets already made.