Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,906,017,421 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Pari-Mutuel
(redirected from parimutuel)

    Also found in: Dictionary/thesaurus, Medical, Wikipedia 0.01 sec.

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.

Pari-Mutuel 

(also totalizator or totalizer), in horse racing, a calculator that indicates the total bets made on a given horse and the grand total of bets. The term “pari-mutuel” may also refer to the office that receives bets and pays winnings on horses, and to the game of betting itself.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
Racegoers on course at Longchamp can only bet with the parimutuel.
Bookies not tempted to push favourite out by The Racing Post (London, England)
That translates to a tax rate of 7 percent - and it's not enough, according to the parimutuels, who pay a tax rate of 62 percent.
Seminole Gaming Under Fire by Catherine Dolinski / Tampa Tribune & WFLA
California's tracks were Depression-era innovations, made possible by the state's desire to increase revenue by taxing racetrack betting and by the public's desire for the rags-to-riches opportunity that parimutuel betting promised.
VOICE, AND A TRACK, TRAILING OFF by Daily News (Los Angeles, CA)
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.