Reference meaning
pari-mutuel
Last updated
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.
Other meanings
2. noun
A booth used to place such bets, or a machine used to record bets and calculate payoffs.
Source and scope
This definition is reproduced from English Wiktionary, sense en-pari-mutuel-en-noun-sO4F2Ej9, under the CC BY-SA 4.0. It has not yet received VocabularyBase editorial review. Read the source and license details.