What does parimutuel betting mean?
Definitions for parimutuel betting
parimutuel bet·ting
This dictionary definitions page includes all the possible meanings, example usage and translations of the word parimutuel betting.
Wikipedia
Parimutuel betting
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. In short, the word parimutuel implies tiered winnings/earnings. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games.
Numerology
Chaldean Numerology
The numerical value of parimutuel betting in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of parimutuel betting in Pythagorean Numerology is: 6
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"parimutuel betting." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/parimutuel+betting>.
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