pari-mutuel


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Related to pari-mutuel: trifecta, quinella

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).]

pari-mutuel

(ˌpærɪˈmjuːtjʊəl)
n, pl pari-mutuels or paris-mutuels (ˌpærɪˈmjuːtjʊəlz)
(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.
[C19: from French, literally: mutual wager]

par•i-mu•tu•el

or par•i•mu•tu•el

(ˌpær ɪˈmyu tʃu əl)

n.
1. a form of betting on horse races, in which those holding winning tickets divide the total amount bet in proportion to their wagers.
2. Also called pari-mu′tuel machine′. an electronic machine that registers bets in pari-mutuel betting as they are made and calculates and posts the changing odds and final payoffs.
[1880–85; < French: literally, mutual bet]

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

pari-mutuel

A French term meaning mutual bet, used to mean a system of betting in which the total stake is divided among the winners.
References in periodicals archive ?
M2 EQUITYBITES-June 9, 2011-Global Pari-Mutuel Services Inc reports lack of funds for continued development of product(C)2011 M2 COMMUNICATIONS http://www.
United Tote supplies pari-mutuel tote services to 94 racing facilities in North America, including Churchill Downs and New York Racing Association tracks, and 11 facilities in Korea, Mexico, Spain and other foreign markets.
Lump on with a bookmaker this morning and avoid the Pari-Mutuel like a rabid Rottweiler.
The yet-to-be-named new product is expected to be the first financial services destination to utilize a proven pari-mutuel approach to enable players to compete for cash and prizes, and is expected to launch later this year.
We are designing our upcoming product to be a significant innovation in pari-mutuel gaming technology and experience," said Stephen Ferrando, chief information officer, Global Pari-Mutuel Services, Inc.
AmTote is the best provider for the type of pari-mutuel technology we need," said Stephen Ferrando, chief information officer, Global Pari-Mutual Services Inc.
com is a diversified provider of technology and pari-mutuel horse racing content for consumers through Internet and telephone platforms and is a leading supplier of totalizator systems, terminals and other pari-mutuel wagering services and systems to the pari-mutuel industry through its United Tote subsidiary.
3033) with a demonstration of Progressive Gaming's new Prime Line[TM] Sports wagering software and United Tote's Enterbet[TM] software for pari-mutuel wagering running simultaneously from the F4 platform.