Abstract: Described is a system and method for the capture, storage, processing, manipulation, utilization and display of data regarding pari-mutuel events. Wagering information data streams obtained from conventional sources are captured, stored, manipulated and processed to yield derivative data that can be displayed in alphanumeric and/or color-coded graphical representations and/or utilized in real-time. The displays and associated data generated by the system empower a user to create, display, store, and back-test wagering strategies and algorithms, including wagering algorithms that may be automatically effectuated by the system to generate actual bets and to calculate profit and loss for each bet, runner and event.