parimutuel
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 parimutuel betting, the payoff for a bet does not have fixed odds, but depends on the amount bet on each outcome. [WordNet 1.5 +PJC]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • 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 — noun 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… …   Wiktionary

  • 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

  • Parimutuel betting — (from the French language: pari mutuel , mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take or vig are removed, and payoff odds are calculated by sharing the pool among …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”