Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. 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.
  • n. A machine used to record bets and calculate payoffs.

from the GNU version of the Collaborative International Dictionary of English

  • n. 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.

from The Century Dictionary and Cyclopedia

  • 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.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. betting where winners share the total amount wagered

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