pari-mutuel
Pronunciation
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Pronunciation
- (British) IPA: /ˌpaɹiˈmjuːtʃʊəl/
pari-mutuel (plural pari-mutuels)
- (horse racing) 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. [from 19th c.]
- A booth used to place such bets, or a machine used to record bets and calculate payoffs. [from 19th c.]
- French: pari mutuel
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004