Words Like PARIMUTUEL
We have put together a list of words that are similar to PARIMUTUEL.
2 Alternative Words Similar to parimutuel
4 definitions of parimutuel
A mutual bet; in France, a system of betting in which each bettor places a sum specified (on the horse or contestant he chooses) in a pool. Those who bet on the winners divide the stakes, less a small percentage for expenses. Usually in the plural, paris mutuels.
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.
A machine used to record bets and calculate payoffs.
betting where winners share the total amount wagered