pari-mutuel
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.
Origin of pari-mutuel
1Words Nearby pari-mutuel
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 MooreBetting 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. SawyerSo 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
/ (ˌpærɪˈmjuːtjʊəl) /
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
Origin of pari-mutuel
1Collins 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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