Besides the fact that for those who are unfamiliar there is a small learning curve to understanding how to wager in a pari-mutuel (which we help spell out in our user help section on our platform), the main reason they aren’t as common as, say, a skins game, is because they historically have required a lot of time, organization and effort…until now!
Old pain points for me:
Managing error-prone paper bet slips, often which are illegible or get lost.
The time requirement to enter all those slips into software that can handle the calculations.
The time and extra step to facilitate physical receipts, even if just carbon copies.
Post-round process of finding all the winning wager combinations.
Constantly telling eager post-round participants to wait longer to see how much they won and collect.