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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use pari-mutuel in a sentence
There is a Pari Mutuel a little way down the course; or shall we back the horse in the ring?Evelyn Innes | George Moore
Betting was conducted by the totalisator, or pari-mutuel, the bet being five dollars, repeated as often as you liked.The Inhabitants of the Philippines | Frederic H. Sawyer
So are the professional gamblers, the betting being on the pari-mutuel system.The Personality of American Cities | Edward Hungerford
British Dictionary definitions for pari-mutuel
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
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