parimutuel


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Related to parimutuel: trifecta, mutuels

par·i-mu·tu·el

also par·i·mu·tu·el  (păr′ĭ-myo͞o′cho͞o-əl)
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 pariāre, to settle a debt, from pār, par-, equal; see perə- in Indo-European roots) + mutuel, mutual (from Old French; see mutual).]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.parimutuel - betting where winners share the total amount wagered
wager, bet - the act of gambling; "he did it on a bet"
References in periodicals archive ?
org/wiki/Parimutuel_betting) parimutuel bets are placed on horse races annually around the globe.
PUNTERS in Britain will be able to bet into the massive parimutuel pools in Hong Kong from lunchtime today following an agreement between the Hong Kong Jockey Club (HKJC) and the Tote.
Sacks also noted that parimutuel betting on greyhound racing, which is allowed under a state license through such simulcast facilities as Raynham Park, would become "illegal gaming'' under the proposed law.
This guaranteed these racing breeds the right to race on all Texas parimutuel horse racing tracks, according to the Sam Houston Racing Park official.
Last November, The Lodge suspended simulcast parimutuel wagering and laid off 22 employees.
Market mechanisms under which sports betting takes place can be categorized into two major types: a bookmaker system and a parimutuel market system.
In Florida, the Department of Business and Professional Regulation (DBPR) strictly controls gaming, wagering and parimutuel betting in all public venues except for those under Native American jurisdiction, and the offshore gaming "cruise to nowhere" ships.
Early line on the Derby: Nobiz Like Shobiz drew the heaviest support in last weekend's Kentucky Derby future betting, the first parimutuel wagering of this Triple Crown season.
Instant Racing, the electronic parimutuel games that have been on-site at Oaklawn since 2000, are expected to produce more than $1.
This is because horse racing is a parimutuel industry where customers place wagers against fellow bettors, not against the house.
Send off odds-on by the American punters on the parimutuel, Kinane's mount was stone last of the 14 runners halfway down the back straight after missing the kick.
The first section of the paper outlines the original revenue reform proposal, which was an attempt to modify the following taxes: the individual income tax, the corporate income tax, the state property tax, various consumption taxes, parimutuel taxes, and the road fund.