Definitions for pari-mutuelˌpær ɪˈmyu tʃu əl

This page provides all possible meanings and translations of the word pari-mutuel

Random House Webster's College Dictionary

par•i-mu•tu•elˌpær ɪˈmyu tʃu əl(n.)

or par•i•mu•tu•el

  1. a form of betting on horse races, in which those holding winning tickets divide the total amount bet in proportion to their wagers.

    Category: Sport

  2. Also called pari-mu′tuel machine′. an electronic machine that registers bets in pari-mutuel betting as they are made and calculates and posts the changing odds and final payoffs.

    Category: Sport

Origin of pari-mutuel:

1880–85; < F: lit., mutual bet

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