par·i-mu·tu·el also par·i·mu·tu·el (p r  -my  ch- l)n. 1. A system of betting on races whereby the winners divide the total amount bet, after deducting management expenses, in proportion to the sums they have wagered individually. 2. A machine that records such bets and computes the payoffs. [French : pari, wager (from parier, to wager, from Latin pari  re, to settle a debt, from pr, par-, equal; see per-2 in Indo-European roots) + mutuel, mutual (from Old French; see mutual).] |
pari-mutuel [ˌpærɪˈmjuːtjʊəl]
n pl pari-mutuels, paris-mutuels [ˌpærɪˈmjuːtjʊəlz]
(Group Games / Gambling, except Cards)
a. a system of betting in which those who have bet on the winners of a race share in the total amount wagered less a percentage for the management
b. (as modifier) the pari-mutuel machine
[from French, literally: mutual wager]
pari-mutuel
a system of betting used at horseracing tracks under which holders of winning tickets divide the total amount wagered in proportion to their wagers.
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