Nasdaq Longitude: Pari-mutuel Calculation Technology
facilitates wagering innovation in sports & gaming.
exploreLongitude is our Enhanced Pari-mutuel Calculation Technology.
Longitude gives sports betting and race track operators the ability to offer a wider range of bet types, a richer display of odds data, and bigger pools with more stable odds. By allowing a range of different types of wagers on an individual race or sporting event to be aggregated into merged pools, Longitude makes more efficient use of existing liquidity. Furthermore, the technology can generate additional liquidity by allowing new bet types to be launched directly into existing pools.
How does Longitude work?
*Longitude LLC is licensed and regulated in Great Britain by the Gambling Commission under account number 37629.
How can Longitude help your sports & gaming organization?
Ability to display odds for all wager types for single or multi event pools
Adds a new degree of transparency and provides bettors with more information.
Previously unattainable levels of pool liquidity and integrity
One large pool is more capable of absorbing large wagers and odds are more difficult to shift or manipulate.
Ability to add new and unique bet types
Flexibility to offer new bet types without the need to create new pools, giving the operator more room to be creative within existing liquidity.

Longitude technology is an essential part of our efforts to become the best wagering platform in the world.
Resource Center
- It is a pari-mutuel technology platform that can facilitate innovation and liquidity in horse racing and sports betting, as well as the pricing and settlement of markets on a range of financial and naturally occurring events, such as credit, economic statistics, and weather.
- The Longitude Enhanced Pari-Mutuel System™ allows for multiple types of wagers on each individual race or sporting event to be combined into a single pari-mutuel pool. The multiple pool framework used by today’s existing platforms was necessary when originally implemented for racing over 80 years ago (e.g. win bets had to go into the win pool, place bets had to go into the place pool), but has not evolved meaningfully since that time, despite the advances in computing technology that have occurred.
- The Longitude Enhanced Pari-Mutuel System™ facilitated the trading of financial contracts on economic events such as the release of the non-farm payroll number or the consumer price index, which presented investors with a hedging opportunity in advance of these market moving events. The platform has been completely reengineered and now brings a new level of sophistication and advanced computing technology to the horse racing and sports betting industries, and it also expands on the original financial markets offering.
- The Longitude Enhanced Pari-Mutuel System™ is able to combine different wager types from an individual event into one pool and can use those wagers to determine the likelihood of all possible outcomes of the event. Odds for all wager types can be calculated in real time with processing speeds that significantly exceed current industry standards.
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Yes. On January 19, 2014, The Hong Kong Jockey Club announced its adoption of the Longitude technology to support the relaunch of its Quartet bet type. In January 2015, The Hong Kong Jockey Club expanded its use of Longitude to also power its First 4 bet. With this successful expansion, the HKJC became the first operator in the world to merge bet pools by offering a combined “Quartet and First 4 Merged Pool.”
Longitude has entered into an agreement with Tabcorp who will be implementing Longitude technology to deliver next generation pari-mutuel wagering to its New South Wales, Victoria, and ACT TAB customers. - No. Although some operators may prefer to aggregate all of the bet types on an individual race, a Longitude implementation can be tailored specifically to an operator’s needs. For example, some operators may prefer to combine only their exotic wager types and run the more traditional wager types through Longitude as discrete pools. Longitude-calculated discrete pools containing only one wager type result in the same odds as would be calculated by a traditional tote system.
- Yes.
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The Longitude Enhanced Pari-Mutuel System™ enhances the existing wagering experience by aggregating liquidity, facilitating innovation, and providing information to the end user that was previously unavailable. Many stakeholders have the opportunity to participate in and benefit from a Longitude implementation. Benefits include:
- Aggregated Liquidity: patrons can place large bets without having as significant an impact on the odds as those bets would have had using the traditional system.
- New Bet Types: operators can offer a wide variety of new bet types (e.g. exotic, international, user-defined) without the need to create new pools, which would cannibalize existing liquidity.
- Transparency: Accurate odds can be provided across all wager types - including all exotic bets - in real time. - While the math behind Longitude Enhanced Pari-Mutuel System™ is sophisticated, the end user's experience will remain familiar. The technology provides the patron with all of the features of the traditional system, with additional capabilities and more flexibility. The transition is non-disruptive to the patron.
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Nasdaq Pari-mutuel Calculation Technology (Longitude) Factsheet
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New Jersey State Senate Testimony Download New Jersey State Senate Testimony
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US Jockey Club Letter of Support Download US Jockey Club Letter of Support
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New Jersey Sports and Exposition Authority (NJSEA) Letter of Support Download New Jersey Sports and Exposition Authority (NJSEA) Letter of Support
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NJ Single Pool Wagering Legislation & Regulations Download NJ Single Pool Wagering Legislation & Regulations
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How HKJC is Revolutionizing Merged Pools with Nasdaq Pari-mutuel Calculation Te… View How HKJC is Revolutionizing Merged Pools with Nasdaq Pari-mutuel Calculation Te…
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Time for change: Bringing Liquidity to the Smaller Markets with Longitude Download Time for change: Bringing Liquidity to the Smaller Markets with Longitude
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Nasdaq Cashes in on Digitized Sports Betting View Nasdaq Cashes in on Digitized Sports Betting
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Pari-mutuel Trading: An Alternative to the Bilateral Match View Pari-mutuel Trading: An Alternative to the Bilateral Match
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Tabcorp Launches Merged Pools, Powered by Nasdaq's Longitude Technology View Tabcorp Launches Merged Pools, Powered by Nasdaq's Longitude Technology
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Nasdaq to Deliver Technology to ATG View Nasdaq to Deliver Technology to ATG
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Tabcorp, racing bosses brainstorming ways to boost its appeal to punters View Tabcorp, racing bosses brainstorming ways to boost its appeal to punters
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Recent announcements point to a new path for The Jockey Club View Recent announcements point to a new path for The Jockey Club
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McKinsey Suggests Merged Pools as an Innovative Tool for Racing View McKinsey Suggests Merged Pools as an Innovative Tool for Racing
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Betting on Britain: Jockey Club sees great growth with commingling expected to … View Betting on Britain: Jockey Club sees great growth with commingling expected to …
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Putting on a show for the world as more punters want a piece of Hong Kong View Putting on a show for the world as more punters want a piece of Hong Kong
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Optimism for bumper new racing season, says Jockey Club chief Winfried Engelbr… View Optimism for bumper new racing season, says Jockey Club chief Winfried Engelbr…
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New technology for tote punters View New technology for tote punters
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Tabcorp and Longitude Announce Strategic Technology Initiative Download Tabcorp and Longitude Announce Strategic Technology Initiative
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Longitude CEO presents at Asian Racing Conference View Longitude CEO presents at Asian Racing Conference
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Longitude Expands Relationship with Hong Kong Jockey Club Download Longitude Expands Relationship with Hong Kong Jockey Club
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Beginning of the end for the age of the betting ticket View Beginning of the end for the age of the betting ticket
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Hong Kong Jockey Club to introduce Composite Win bets later this month View Hong Kong Jockey Club to introduce Composite Win bets later this month
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Composite Win to be launched from 25 October View Composite Win to be launched from 25 October
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Hong Kong Jockey Club set to launch composite bets for fans View Hong Kong Jockey Club set to launch composite bets for fans
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Lessons from single-pool wagering in Hong Kong show promise for US markets View Lessons from single-pool wagering in Hong Kong show promise for US markets
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Longitude Crosses US$1 Billion Threshold Download Longitude Crosses US$1 Billion Threshold
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Combined Quartet, First Four pool sees turnover rise Download Combined Quartet, First Four pool sees turnover rise
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Nothing really equates to the Longitude experience Download Nothing really equates to the Longitude experience
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New technology to merge Quartet, First Four pools Download New technology to merge Quartet, First Four pools
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The Hong Kong Jockey Club Announces Launch of Quartet & First 4 Merged Pool View The Hong Kong Jockey Club Announces Launch of Quartet & First 4 Merged Pool
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The Football Pools Announces the Launch of MatchXtra Download The Football Pools Announces the Launch of MatchXtra
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Longitude engine will take betting further, says Hong Kong Jockey Club View Longitude engine will take betting further, says Hong Kong Jockey Club
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Longitude's introduction could be watershed moment Download Longitude's introduction could be watershed moment
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The Hong Kong Jockey Club relaunches Quartet as the first product powered by Lo… View The Hong Kong Jockey Club relaunches Quartet as the first product powered by Lo…
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Quartet betting to return for the first time since 1988 Download Quartet betting to return for the first time since 1988
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Single Pool Wagering will change betting as we know it View Single Pool Wagering will change betting as we know it
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The Hong Kong Jockey Club announces signing of strategic technology services a… View The Hong Kong Jockey Club announces signing of strategic technology services a…
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Sportech announces the signing of a strategic technology services agreement wi… View Sportech announces the signing of a strategic technology services agreement wi…
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GLI validates Longitude calculations Download GLI validates Longitude calculations
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The Jockey Club Annual Round Table Conference View The Jockey Club Annual Round Table Conference
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Single Pool Wagering Bill Signed into Law View Single Pool Wagering Bill Signed into Law
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Wall Street Plays The Ponies View Wall Street Plays The Ponies
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The NJ Single Pool Wagering Bill was unanimously approved by both houses of the NJ Legislature Download The NJ Single Pool Wagering Bill was unanimously approved by both houses of the NJ Legislature
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Longitude LLC Announces It is Exploring New Business Opportunities for Its Patented Technology Platform Download Longitude LLC Announces It is Exploring New Business Opportunities for Its Patented Technology Platform