pari-mutuel

[ par-i-myoo-choo-uhl ]

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 parimutuel machine. an electronic machine that registers bets in parimutuel betting as they are made and calculates and posts the changing odds and final payoffs.

pari-mutuel

/ 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

Word History and Origins

Origin of pari-mutuel¹

1880–85; < French: literally, mutual bet

Word History and Origins

Origin of pari-mutuel¹

C19: from French, literally: mutual wager

Example Sentences

There is a Pari Mutuel a little way down the course; or shall we back the horse in the ring?

From Project Gutenberg

Betting was conducted by the totalisator, or pari-mutuel, the bet being five dollars, repeated as often as you liked.

From Project Gutenberg

So are the professional gamblers, the betting being on the pari-mutuel system.

From Project Gutenberg