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

If it is a pari-mutuel game of skill, then it is governed by the state regulatory agency, the California Horse Racing Board.

From Los Angeles Times • Jan. 15, 2026

The pari-mutuel firms also sued DeSantis and leaders of the Florida Legislature, which authorized the compact, in a case pending before the Florida Supreme Court.

From Seattle Times • Mar. 10, 2024

Panthalassa, trained by Yoshito Yahagi and ridden by Yutaka Yoshida, paid $34.10 to win in international pari-mutuel pools.

From Los Angeles Times • Feb. 25, 2023

Though officials lengthened the time between races considerably, the wagering lines were so long that many bettors never caught a glimpse of a pari-mutuel window.

From "Seabiscuit: An American Legend" by Laura Hillenbrand