pari-mutuel
noun Etymology: French pari mutuel, literally, mutual stake Date: 1881 1. a betting pool in which those who bet on competitors finishing in the first three places share the total amount bet minus a percentage for the management 2. a machine for registering the bets and computing the payoffs in pari-mutuel betting

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Pari Mutuel — Le Pari Mutuel est le principe de pari selon lequel l’ensemble des enjeux misés par les parieurs est mutualisé en une masse commune puis redistribué aux gagnants au prorata de leurs mises, après déduction d’un prélévement proportionnel destiné à… …   Wikipédia en Français

  • Pari-mutuel — urbain Logo de Pari Mutuel Urbain Marque déposée tous droits réservés Création 1930 …   Wikipédia en Français

  • pari-mutuel — 1881, from Fr. pari mutuel mutual wager, from pari wager (from parier to bet, from L. pariare to settle a debt, lit. to make equal, from par, gen. paris, equal ) + mutuel mutual, from L. mutuus (see …   Etymology dictionary

  • Pari mutuel — Une course hippique. Le pari mutuel est le principe de pari selon lequel l’ensemble des enjeux misés par les parieurs est mutualisé en une masse commune puis redistribué aux gagnants au prorata de leurs mises, après déduction d’un prélèvement… …   Wikipédia en Français

  • pari-mutuel — /par i myooh chooh euhl/, n. 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,… …   Universalium

  • pari-mutuel — A method of wagering at race tracks, whereby those who bet on the winning horse share the total stakes less a percentage to the management. People v Monroe, 340 Ill 270, 182 NE 439, 85 ALR 605; Utah State Fair Asso. v Green, 68 Utah 251, 249 P… …   Ballentine's law dictionary

  • pari-mutuel — par•i mu•tu•el or par•i•mu•tu•el [[t]ˌpær ɪˈmyu tʃu əl[/t]] n. 1) spo a form of betting on horse races, in which those holding winning tickets divide the total amount bet in proportion to their wagers 2) spo Also called pari mu′tuel machine′. an… …   From formal English to slang

  • pari-mutuel —    (pah ree MYOO choo el) [French: mutual bet] A form of betting on horse races in which those with winning tickets share in the total amount wagered, less a percentage for the track and taxes.    Eight states currently allow pari mutuel wagering …   Dictionary of foreign words and phrases

  • pari-mutuel — [ˌpα:rɪ mju:tʃʊəl, tjʊəl] noun a form of betting in which those backing the first three places divide the losers stakes. Origin Fr., lit. mutual stake …   English new terms dictionary

  • pari mutuel —   n. mutual bet ; form of betting whereby winners receive share of all stakes placed; totalizator or pool betting …   Dictionary of difficult words

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