pari-mutuel

American  

[par-i-myoo-choo-uhl] / 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.

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pari-mutuel British  

/ ˌpærɪˈmjuːtjʊəl /

noun

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

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Etymology

Origin of pari-mutuel

1880–85; < French: literally, mutual bet

Example Sentences

She was 20 years old when she made her debut on Feb. 7, 1969, at Hialeah Park and became the first woman in the U.S. to ride in a professional race at pari-mutuel track.

From The Wall Street Journal • Jan. 16, 2026

They are known to freely litigate any challenge to their sovereignty over most non pari-mutuel gambling in the state.

From Los Angeles Times • Jan. 15, 2026

In one of the strangest bits of pari-mutuel wagering, Fenwick, who was 50-1 on the morning line, was bet down to 12-1.

From Los Angeles Times • May 21, 2022

To level the playing field, casinos are no longer required to carry costly pari-mutuel sports in exchange for being allowed to offer slot machines and poker.

From Seattle Times • Mar. 28, 2022

States all over the nation were relegalizing racing under the pari-mutuel system, resulting in a 70 percent increase in the number of tracks.

From "Seabiscuit: An American Legend" by Laura Hillenbrand