Pari-Mutuel

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Related to parimutuel: trifecta, mutuels

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.

References in periodicals archive ?
Parimutuel wagering on the Kentucky Derby (http://www.
In this study, we use a unique data set in the parimutuel-type Korean sports lottery market to ascertain whether there is a significant difference in winning payoffs between this parimutuel sports lottery market and the bookmaker-based market.
The system that the integrator designed called for placing more than 700 pan-tilt-zoom digital cameras around the casino, count rooms, parimutuel betting area, and any other areas where money changed hands.
where: LOT is real net state lottery revenues in log; INC is real state per capita income in log; POV is percentage of the population below poverty; POP is state population; POP2 is population squared; AGE is number of years the lottery has operated; TAX is state tax effort index; PARI is real state parimutuel revenues in log; EMP is total employment in standard industry code 70 as a proxy for tourism; URBAN is percentage of population in urban areas; SQMILE is square miles of the state; [[Beta].
In 1994, gross revenues in parimutuel wagering amounted to $3.
Thaler and Ziemba (1988) provide two definitions of efficiency in the parimutuel wagering market.
where the independent variables are defined in Table 1 and represent, respectively, measures of tax effort, mean per capita personal income, a dummy variable accounting for the absence of a state sales tax, an index of tourism for the state,(6) per capita spendable revenue generated from parimutuel betting in the state, percentage of the state's border contiguous with a state or states with lotteries, and an error term with the usual properties.
Jargon-buster Parimutuel A form of wagering originated in 1865 by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made.
To back up the service, he set up a parimutuel betting company, Global Tote, in which future BHA chairman Paul Roy subsequently took a significant stake.