PARI-MUTUEL


Meaning of PARI-MUTUEL in English

noun Etymology: French pari mutuel, literally, mutual stake Date: 1881 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, a machine for registering the bets and computing the payoffs in ~ betting

Merriam Webster. Explanatory English dictionary Merriam Webster.      Толковый словарь английского языка Мерриам-Уэбстер.