Parimutuel markets are a type of betting system where people place bets on the outcome of an event, such as a horse race or a sports match. In these markets, all the bets are pooled together into a common pot.

Unlike traditional betting systems where odds are set in advance, in a parimutuel market, the odds are determined by the total amount of money wagered on each possible outcome. As more people place bets, the odds change in real-time.

Once the event is over and the outcome is known, the total amount of money in the pot is divided among the winners, proportionate to the size of their bets. The house or the organizers of the market usually take a small percentage as their commission or fee for running the betting operation.

Parimutuel markets offer a more dynamic and flexible approach to betting because the odds are not fixed in advance. They also create a sense of excitement as the odds can shift depending on how people are betting. This type of market is commonly used in horse racing, lotteries, and some sports betting.

As you may be aware, the Hxro network has emerged as a pivotal player within the Solana ecosystem, serving as a vital source of liquidity and essential infrastructure for professional betting systems, parimutuel markets, and derivative platforms.

In this dashboard, I will delve into a comprehensive analysis of the Hxro network and its ecosystem, with a special focus on Bonk or Bust, a platform that made its debut in April 2023. This platform has not only attracted a substantial influx of new users but has also significantly enriched the parimutuel markets ecosystem.

Join me on this exploration to gain a deeper understanding of the Hxro network and the dynamic ecosystem it encompasses.