parimutuel(redirected from parimutuels)
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Related to parimutuels: trifecta
par·i-mu·tu·elalso par·i·mu·tu·el (păr′ĭ-myo͞o′cho͞o-əl)
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.