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pari-mutuel

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pari-mutuel

Betting pool in which those who bet on competitors finishing in the first three places share the total amount bet minus a percentage for the management. First introduced in France c. 1870, it soon became one of the most popular methods of betting on horse races internationally. Today computers calculate betting pools and current odds on each horse and flash the figures to the public at regular intervals. The system is used largely for off-track betting. Pari-mutuel betting is also practiced in dog racing and jai alai.



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2006 Trainer of the Year Joins Lukas in Pari-Mutuel Wagering Company's Online 'Stable'
com is a diversified provider of technology and pari-mutuel horse racing content for consumers through Internet and telephone platforms and is a leading supplier of totalizator systems, terminals and other pari-mutuel wagering services and systems to the pari-mutuel industry through its United Tote subsidiary.
Our horse racing games replicate the rapid-fire pace of our online pari-mutuel product with the expectation that we can convert contestants into active racing fans," Champion said.
 
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