parimutuel

[US]/ˌpærɪˈmjuːtʃuəl/
[UK]/ˌpærɪˈmjuːtʃuəl/
Frequency: Very High

Translation

n.a system of betting in which all bets are pooled and the winners share the total amount after management and tax deductions; a machine or computer that calculates and displays the odds and pays out winnings based on the total amount wagered
Word Forms
Pluralparimutuels

Phrases & Collocations

parimutuel betting

parimutuel system

parimutuel pool

parimutuel wager

parimutuel odds

parimutuel shop

parimutuel ticket

parimutuel window

parimutuel rules

parimutuel pool system

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