pari-mutuel

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English[edit]

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Alternative forms[edit]

Etymology[edit]

From French pari mutuel (mutual bet).

Pronunciation[edit]

  • (UK) IPA(key): /ˌpaɹiˈmjuːtʃʊəl/

Noun[edit]

pari-mutuel (plural pari-mutuels)

  1. (horse racing) Any betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets. [from 19th c.]
  2. A booth used to place such bets, or a machine used to record bets and calculate payoffs. [from 19th c.]
    • 1929, Ernest Hemingway, A Farewell to Arms, Folio Society 2008, p. 129:
      The Italian were full of manners and McAdams talked to Catherine while we went down to bet again. Mr Meyers was standing near the pari-mutuel.

See also[edit]