PARI-MUTUEL


Meaning of PARI-MUTUEL in English

Pronunciation: ˌ per-i- ' myü-ch ə -w ə l, -ch ə l, ˌ pa-ri-; - ' myüch-w ə l

Function: 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 Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.