parimutuel

a) Any betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
b) A machine used to record bets and calculate payoffs.

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  • parimutuel — par i*mu tu*el (p[a^]r [i^]*m[=u] ch[=oo]*[u^]l), n. A form of betting where winners share the total amount wagered, in proporation to their bets, and less a portion for the management; used commonly in betting at horse racing track. In… …   The Collaborative International Dictionary of English

  • parimutuel — [par΄ə myo͞o′cho͞o əl] n. 〚Fr pari mutuel < pari, a bet (< parier, to bet, orig., to equalize < LL pariare, to make equal < L par: see PAR1) + mutuel,MUTUAL〛 1 …   Universalium

  • parimutuel — adj. Of equal betting or wagering. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • parimutuel — [par΄ə myo͞o′cho͞o əl] n. [Fr pari mutuel < pari, a bet (< parier, to bet, orig., to equalize < LL pariare, to make equal < L par: see PAR1) + mutuel,MUTUAL] 1. a system of betting on races in which those backing the winners divide,… …   English World dictionary

  • parimutuel — par|i|mu|tu|el [ˌpæriˈmju:tʃuəl] n [Date: 1800 1900; : French; Origin: mutual bet ] 1.) [U] a system in which the money that people have risked on a horse race is shared between the people who have won ▪ parimutuel betting 2.) AmE a machine used… …   Dictionary of contemporary English

  • parimutuel(s) — A form of wagering originated in 1865 by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made. Oller called his system Parier Mutuel meaning Mutual… …   Equestrian sports dictionary

  • parimutuel — pærɪ mjuːtʃʊəl / tjÊŠÉ™l n. bet or wager in which the winners share the money of the losers …   English contemporary dictionary

  • parimutuel — noun French 1 (U) a system in which the money that people have risked on a horse race is shared between the people who have won 2 (C) AmE a machine used to calculate the amount of money people can win by risking it on horse races; tote 2 BrE …   Longman dictionary of contemporary English

  • parimutuel — /pærəˈmjutʃuəl/ (say paruh myoohchoohuhl) noun Chiefly US → totalisator. {French: mutual bet} …   Australian English dictionary

  • parimutuel — noun betting where winners share the total amount wagered (Freq. 2) • Hypernyms: ↑bet, ↑wager …   Useful english dictionary

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