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pari-mutuel
(redirected from pari-mutuels)

    Also found in: Medical, Encyclopedia 0.06 sec.
par·i-mu·tu·el also par·i·mu·tu·el  (pr-mych-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 parire, to settle a debt, from pr, par-, equal; see per-2 in Indo-European roots) + mutuel, mutual (from Old French; see mutual).]
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.
See also: Gambling


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