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 ?
123gaming operates 123bet.com, a pari-mutuel horse race wagering platform that offers its exclusive Pick6 wager at over 25 racing tracks across the US.
The new section begins by affirming that the humane treatment of animals is a fundamental value of the people of the state of Florida and prohibits, after December 31, 2020, a person authorized to conduct gaming or pari-mutuel operations from racing greyhounds or any member of the canis familiaris, subspecies in connection with any wager for money or any other thing of value in Florida.
When pari-mutuel betting was legalised, the track was upgraded for thoroughbred racing to qualify for a pari-mutuel licence.
Usually it's the bookies who rake in the money from racing, but on Wednesday some HK$126 million in pari-mutuel bets had to be returned to punters after the misplaced horticultural tool managed to get caught in the starting rails.
The Stronach Group (TSG) is an industry leader in world-class horse racing, entertainment and pari-mutuel wagering technology.
Memphis, TN, July 14, 2016 --(PR.com)-- Platinum Pari-Mutuel Holdings, Inc.
Sportech Racing // Digital, a division of Sportech PLC, (LSE: SPO), said it has been selected by the Chickasaw Nation's Global Gaming Solutions LLC to be the new provider of pari-mutuel betting technologies and services to Remington Park racetrack and associated OTBs in Oklahoma, and Lone Star Park racetrack in Texas.
Proponents argue that historical racing constitutes a new form of pari-mutuel betting, which is permitted.
The deal, which allows Gulfstream to serve as the main track operator in South Florida, is subject to approval of the Florida Department of Pari-Mutuel Wagering.
In 2013, New Hampshire introduced legislation that would bar pari-mutuel betting in jurisdictions that did not make greyhound injury records available to the public.
Local horses are likely to be shorter on the track's Pari-Mutuel betting so we foreigners are likely to be bigger.
To be fair, some of them occasionally slope up to the Pari-Mutuel to fork out a couple of euros on a homebased selection, often named after a close relative.