Thanks, Madam Chair, and thanks to all of our witnesses.
For me at least, this is a bit like watching an online gambling seminar. I'm learning a lot through this discussion, as I did from our first witness on Tuesday, who, I should add, did a great presentation too.
Thank you to Mr. Ellison for his earlier explanation, because I have to admit that I was very confused in trying to distinguish between single-event betting and parimutuel betting. I'm not a big gambler, but in the few times that I've been out to the racetrack, I bet on one race at a time and pick a horse to win, place or show. That much I'm able to figure out on my own.
Am I correct in understanding that when I do that it's a form of parimutuel betting?