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 ?
available to [the partnership] for its parimutuel tax obligations, which
It addresses the world of gaming and gambling; the law of gambling; the role of the US Constitution and federal laws; state constitutions and laws; charities and gaming; gambling in Nevada and other jurisdictions; tribal gaming; Canadian casinos; international gambling; the World Trade Organization and cross-border gambling; blackjack; poker; intellectual property and gaming; video poker, video lotteries, and other machines; internet gaming; sports books and parimutuel wagering; daily fantasy sports and esports; lotteries; legal gambling's right to advertise; criminal laws and gaming; the IRS and gambling; and compulsive gambling.
The suit alleges the proposed amendment "cannot lawfully be submitted to the voters of Florida because the ballot title and summary language are inaccurate, misleading, and fail to inform voters of the true effect of the proposed amendment." (24) The challenge noted that the proposal only bans wagering on dog racing at gaming or parimutuel operations in Florida.
Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries.
"Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries." Journal of Economic Perspectives, 2(2): 161-174.
Those operations are based outside the U.S., but plenty of gamblers are willing to risk running afoul of the law in order to wager from their iPhones and laptops.<br />Consider the already legal parimutuel wagering at Oklahoma's racetracks and off-track betting parlors and it's hard to argue thatthe state here has a moral objection to gambling on sports.<br />If Gov.
Their findings indicated that casinos and parimutuel betting both caused reductions in state lottery revenues.
About (http://www.horseracingintfed.com/resources/Annual_Report_2014.pdf) 75 billion euros in (https://en.wikipedia.org/wiki/Parimutuel_betting) parimutuel bets are placed on horse races annually around the globe.
Most large-jackpot draw lotteries operate as parimutuel games with roll-over if no jackpot winning numbers have been selected by players in the pool.
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.
The first and second prizes are parimutuel as the final reward depends on the number of winners and the prize pool for each payout, whereas the third to sixth prizes are non-parimutuel fixed prizes.
Race books predominantly cater to horserace bettors and employ parimutuel betting.