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mutuel

[ myoo-choo-uhl ]

mutuel

/ ˈmjuːtjʊəl /

noun

  1. short for pari-mutuel
“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
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Word History and Origins

Origin of mutuel1

Probably by false construal of pari as a prefix or adj.
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Example Sentences

If there is not enough revenue by virtue of reduced mutuel handle, the TOC enters what’s counterintuitively known as an overpayment.

It actually represents the shortfall in revenue to fund purse money based on a reduction in mutuel handle, the amount of money bet on races, and other related revenue sources.

And without big purses, you don’t get as many horses, which cuts back on mutuel handle, the engine that drives racetrack profits.

Total mutuel handle was $1,372,007.

The mutuel handle was $966,793.

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mutual savings bankmutule