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.)
a form of betting on horse races, in which those holding winning tickets divide the total amount bet in proportion to their wagers.
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.
Origin of pari-mutuel:
1880–85; < F: lit., mutual bet
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