pari-mutuel

[US]/[ˌpæ.rɪˈmjuː.tʃəl]/
[UK]/[ˌpær.ɪˈmjuː.tʃəl]/
Frequency: Very High

Translation

n.A system of betting in which the pool of money for each race is divided among the winning bettors after deducting the bookmaker's commission.
adj.Relating to or denoting a pari-mutuel system.

Phrases & Collocations

pari-mutuel betting

pari-mutuel system

pari-mutuel pool

pari-mutuel wager

pari-mutuel handle

running pari-mutuel

pari-mutuel odds

calculating pari-mutuel

pari-mutuel racing

pari-mutuel total

Example Sentences

the pari-mutuel system ensures fair betting odds for all participants.

he placed a substantial wager on the race using the pari-mutuel pool.

the pari-mutuel system is commonly used in horse racing and greyhound racing.

understanding the pari-mutuel concept is key to successful sports betting.

the pari-mutuel handle represented a significant portion of the track's revenue.

the pari-mutuel odds fluctuated throughout the day as bets were placed.

a pari-mutuel pool is a system where winnings are divided among all winning bets.

the pari-mutuel system aims to eliminate the house advantage in betting.

they analyzed the pari-mutuel data to identify betting trends.

the pari-mutuel system provides transparency in how odds are calculated.

the track utilized a sophisticated pari-mutuel technology for accurate results.

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