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What (who) is parimutuel - definition
Parimutuel betting
BETTING SYSTEM IN WHICH ALL BETS OF A PARTICULAR TYPE ARE PLACED TOGETHER IN A POOL
Exacta; Pari-mutuel gambling; Parimutuel gambling; Parimutuel; Perimutuel bet; Parimutuel bet; Pari-Mutuel; Pari-mutuel; Paramutuel; Perfecta (gambling); Parimutuel wagering; Exactor (betting); Quinella (bet); Across the board
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the Tote after the totalisator, which calculates and displays bets already made.
across the board
BETTING SYSTEM IN WHICH ALL BETS OF A PARTICULAR TYPE ARE PLACED TOGETHER IN A POOL
Exacta; Pari-mutuel gambling; Parimutuel gambling; Parimutuel; Perimutuel bet; Parimutuel bet; Pari-Mutuel; Pari-mutuel; Paramutuel; Perfecta (gambling); Parimutuel wagering; Exactor (betting); Quinella (bet); Across the board
see board
pari-mutuel
BETTING SYSTEM IN WHICH ALL BETS OF A PARTICULAR TYPE ARE PLACED TOGETHER IN A POOL
Exacta; Pari-mutuel gambling; Parimutuel gambling; Parimutuel; Perimutuel bet; Parimutuel bet; Pari-Mutuel; Pari-mutuel; Paramutuel; Perfecta (gambling); Parimutuel wagering; Exactor (betting); Quinella (bet); Across the board
[?p?:r?'mju:t???l, -'tj??l]
¦ noun a form of betting in which those backing the first three places divide the losers' stakes.
Origin
Fr., lit. 'mutual stake'.
Examples of use of parimutuel
1. Goodlatte said his bill is neutral on parimutuel horse wagering, which has an online component that is the cause of an ongoing struggle between Congress and the Justice Department.