PARI-MUTUEL


Meaning of PARI-MUTUEL in English

[ ˌpα:rɪ'mju:tʃʊəl , -'tjʊəl ]

■ noun a form of betting in which those backing the first three places divide the losers' stakes.

Origin

Fr., lit. 'mutual stake'.

Concise Oxford English vocab.      Сжатый оксфордский словарь английского языка.