Definition of pari-mutuel:
°Any
betting system in which all bets of a particular type are placed together in a
pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
°A machine used to record bets and calculate payoffs.
Definition of pari-mutuel:
°Any
betting system in which all bets of a particular type are placed together in a
pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
°A machine used to record bets and calculate payoffs.