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View synonyms for pari-mutuel
pari-mutuel
[ par-i-myoo-choo-uhl ]
noun
- a form of betting and of handling the betting on horse races at racetracks, in which those holding winning tickets divide the total amount bet in proportion to their wagers, less a percentage for the management, taxes, etc.
- Also called parimutuel machine. an electronic machine that registers bets in parimutuel betting as they are made and calculates and posts the changing odds and final payoffs.
pari-mutuel
/ ˌpærɪˈmjuːtjʊəl /
noun
- a system of betting in which those who have bet on the winners of a race share in the total amount wagered less a percentage for the management
- ( as modifier )
the pari-mutuel machine
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Word History and Origins
Origin of pari-mutuel1
1880–85; < French: literally, mutual bet
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Word History and Origins
Origin of pari-mutuel1
C19: from French, literally: mutual wager
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Example Sentences
There is a Pari Mutuel a little way down the course; or shall we back the horse in the ring?
From Project Gutenberg
Betting was conducted by the totalisator, or pari-mutuel, the bet being five dollars, repeated as often as you liked.
From Project Gutenberg
So are the professional gamblers, the betting being on the pari-mutuel system.
From Project Gutenberg
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