Part of Speech

Noun

Phonetic Transcription

/pəˈræm.juː.tʃuː.əl.ɪ.zəm/

Meaning and Usage

Paramutualism is a term that refers to a specific type of betting system in which the stakes from all participants are pooled together, and the payouts are distributed based on the outcome. This system is commonly associated with horse racing and other forms of gambling. In English, the term is not very frequently used and is mainly found in specialized contexts related to gambling or betting. It is predominantly used in written contexts, such as legal documents or gambling regulations, rather than in everyday speech.

Example Sentences

1. The paramutualism system ensures that all bets contribute to a common pool, which makes the gambling experience more equitable.

2. Система параметрального тотализатора обеспечивает, что все ставки вносят свой вклад в общий пул, что делает азартные игры более справедливыми.

3. Players in the paramutualism system often find that the odds change as more participants join the betting pool.

4. Игроки в системе параметрального тотализатора часто обнаруживают, что шансы меняются по мере того, как больше участников присоединяются к ставкам.

5. Understanding the mechanics of paramutualism is crucial for anyone interested in betting professionally.

6. Понимание механики параметрального тотализатора является ключевым для любого, кто интересуется профессиональными ставками.

Idiomatic Expressions

While "paramutualism" is not commonly featured in idiomatic expressions, its concepts are relevant in discussions around gambling and betting practices. Below are examples incorporating aspects related to betting, albeit not strictly the term "paramutualism."

1. Bet the farm
   "He was so confident in his horse that he decided to bet the farm."

2. "Он был так уверен в своем лошади, что решил поставить все на карту."

3. In the money
   "After placing his bets, he was hopeful that his horse would finish in the money."

4. "После того как он сделал свои ставки, он надеялся, что его лошадь финиширует в деньгах."

5. Playing the odds
   "She has a knack for playing the odds and often wins big at the races."

6. "У нее талант играть на шансе, и она часто выигрывает крупные суммы на скачках."

7. Throwing good money after bad
   "It’s not wise to throw good money after bad by increasing your bet in a losing race."

8. "Не разумно добавлять хорошее деньги к плохому, увеличивая свою ставку в проигрышной гонке."

9. Skin in the game
   "Investors want to see that executives have skin in the game before committing to a paramutual system."

10. "Инвесторы хотят видеть, что у руководителей есть доля в ставках, прежде чем они примут решение по параметратам."

Etymology

The term "paramutual" derives from the combination of "para-", a prefix meaning "beside" or "alongside," and "mutuel," which is French for "mutual." The concept originated in the late 19th century, primarily to describe betting systems that pooled stakes and shared payouts among participants.

Synonyms and Antonyms

Synonyms

• Pool betting
• Shared betting

Antonyms

• Fixed-odds betting
• Individual betting