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Definition of pari-mutuel - 3 dictionary results
par⋅i-mu⋅tu⋅el
[par-i-myoo-choo-uh
l]
–noun
| 1. | 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. |
| 2. | 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. |
Origin:
1880–85; < F: lit., mutual bet
1880–85; < F: lit., mutual bet

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To pari-mutuel
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
pari-mutuel
1881, from Fr. pari-mutuel "mutual wager," from pari "wager" (from parier "to bet," from L. pariare "to settle a debt," lit. "to make equal," from par, gen. paris, "equal") + mutuel "mutual," from L. mutuus (see mutual).
Online Etymology Dictionary, © 2001 Douglas Harper
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