parimutuel (0 synonym found)

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pari-mutuel  ยท  pari mutuel

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Definition of parimutuel:

°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 parimutuel:

°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.
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