ALL meanings of pari-mutuel
par·i-mu·tu·el
P p - noun pari-mutuel a form of betting and of handling the betting on horse races at racetracks, in which those holding winning tickets divide the total amount bet in proportion to their wagers, less a percentage for the management, taxes, etc. 1
- noun pari-mutuel Also called parimutuel machine. an electronic machine that registers bets in parimutuel betting as they are made and calculates and posts the changing odds and final payoffs. 1
- noun pari-mutuel a system of betting in which those who have bet on the winners of a race share in the total amount wagered less a percentage for the management 0
- noun pari-mutuel (as modifier) 0