Parimutuel Definition
parəmyo͝ocho͝oəl
noun
A system of betting on races in which those backing the winners divide, in proportion to their wagers, the total amount bet, minus a percentage for the track operators, taxes, etc.
Webster's New World
A machine for recording such bets and computing payoffs; totalizator.
Webster's New World
adjective
Of equal betting or wagering.
Webster's New World Law
Other Word Forms of Parimutuel
Noun
Singular:
parimutuel
Plural:
parimutuelsParimutuel Is Also Mentioned In
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