follow Dictionary.com

Do you know ghouls from goblins and ghosts?

pari-mutuel

[par-i-myoo-choo-uh l] /ˌpær ɪˈmyu tʃu əl/
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
1880-1885
1880-85; < French: literally, mutual bet
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
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

pari-mutuel

/ˌpærɪˈmjuːtjʊəl/
noun (pl) pari-mutuels, paris-mutuels (ˌpærɪˈmjuːtjʊəlz)
1.
  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
Cite This Source
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
Cite This Source

Word of the Day

Difficulty index for pari-mutuel

Few English speakers likely know this word

Word Value for pari

0
0
Scrabble Words With Friends

Quotes with pari-mutuel