PARI-MUTUEL


Meaning of PARI-MUTUEL in English

transcription, транскрипция: [ ˌper-i-ˈmyü-chə-wəl, -chəl, ˌpa-ri-; -ˈmyüch-wəl ]

noun

Etymology: French pari mutuel, literally, mutual stake

Date: 1881

1. : a betting pool in which those who bet on competitors finishing in the first three places share the total amount bet minus a percentage for the management

2. : a machine for registering the bets and computing the payoffs in pari-mutuel betting

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.