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pari-mutuel
[ par-i-myoo-choo-uhl ]
/ ˌpær ɪˈmyu tʃu əl /
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noun
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.
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Origin of pari-mutuel
1880–85; <French: literally, mutual bet
Words nearby pari-mutuel
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022
How to use pari-mutuel in a sentence
In one post on her blog, paridust, the fashion blogger Pari Ehsan poses in front of a 1980s Keith Haring work.
She's Got the Look: How Pari Ehsan Marries Fashion and Art|Allison McNearney|August 26, 2014|DAILY BEAST“A couple of times she has made me cry,” says Pari Moayer, a school nurse with bright eyes and a kind and soothing demeanor.
To ensure the banks end up with the required $1.4 trillion, the government should put in capital pari passu with investors.
British Dictionary definitions for pari-mutuel
pari-mutuel
/ (ˌpærɪˈmjuːtjʊəl) /
noun plural pari-mutuels or paris-mutuels (ˌpærɪˈmjuːtjʊəlz)
- 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
Word Origin for pari-mutuel
C19: from French, literally: mutual wager
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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