parimutuel

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“
Henry, who had worked at Prairie Meadows as a parimutuel racing teller in the early 1990s, underwent treatment and hasn't gambled in almost four years.

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Definitions (2)

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  1. A form of betting where winners share the total amount wagered, in proporation to their bets, and less a portion for the management; -- used commonly in betting at horse racing track. In parimutuel betting, the payoff for a bet does not have fixed odds, but depends on the amount bet on each outcome.

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  1. betting where winners share the total amount wagered

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Examples (17)

  • Auto dealers have offered admission tickets for customers who test drive a car, and restaurants have offered discounts to those who bring in a parimutuel ticket. —  Kentucky.com: Homepage
  • County has just fleeting contact with parimutuel company during past year
  • The father and son represent Oneida Capital LLC, a private California company that in 2007 expressed interest in reviving parimutuel horse racing at the Missoula County Fairgrounds.
  • Oneida Capital reportedly operates a number of tracks around the nation, including Wyoming Entertainment, which runs Wyoming Off Track Betting and Wyoming Downs, site of that state's only parimutuel horse racing near Evanston.
  • A bill legalizing parimutuel racing was passed, and other tracks soon began conducting meetings: Aurora in 1923, —  chicagotribune.com -
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