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[par-i-myoo-choo-uh l] /ˌpær ɪˈmyu tʃu əl/
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.
1880-85; < French: literally, mutual bet Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for pari-mutuel
  • And betting that much, thanks to the pari-mutuel system, would reduce the odds.
  • In a pari-mutuel system, remember, you're wagering against the betting public.
  • Meet the pari-mutuel fund managers who are redefining horse racing.
  • It was also the last day the take from the pari-mutuel was fifteen per cent.
  • pari-mutuel wagering tickets are to be sold upon the first race of the two designated races only.
British Dictionary definitions for pari-mutuel


noun (pl) pari-mutuels, paris-mutuels (ˌpærɪˈmjuːtjʊəlz)
  1. 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
  2. (as modifier): the pari-mutuel machine
Word Origin
C19: from French, literally: mutual wager
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for pari-mutuel

1881, from French pari-mutuel "mutual wager," from pari "wager" (from parier "to bet," from Latin pariare "to settle a debt," literally "to make equal," from par, genitive paris, "equal;" see par) + mutuel "mutual," from Latin mutuus (see mutual).

Online Etymology Dictionary, © 2010 Douglas Harper
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