parimutuel betting

(redirected from exacta)
Also found in: Dictionary, Thesaurus, Wikipedia.

parimutuel betting

(păr'ĭmyo͞o`tyo͞oĕl), system of cooperative wagering invented (c.1870) in France by Pierre Oller. According to the system, the holders of winning tickets divide the total amount of money bet on a race (the pool), after deductions for tax and racetrack expenses. The uniqueness of parimutuel betting lies in the fact that the gambling public itself determines the payoff odds (e.g., if many people have bet on the actual winner of a contest then the payoff will be low, simply because many winners will divide the pool). Parimutuel wagering is the accepted betting procedure at major horse-racing tracks throughout the world. Greyhound tracks and jai alai games also use the system. Considered a major deterrent to illegal bookmaking, the modern parimutuel system depends on high-speed electronic calculators, known as totalizators or tote boards, to record and display up-to-the-minute betting patterns.
Mentioned in ?
References in periodicals archive ?
This compared with 5% support for Barekovas party in Exacta Researchas poll.
Exacta was formed in 1967 for the purpose of manufacturing punches and dies for the metal fabrication industry.
En cuanto a la exacta correspondencia, esta tampoco se da, puesto que las obligaciones contenidas y reproducidas como infracciones no se corresponden de manera exacta con las sanciones establecidas.
Exacta is a leafy, persistent, turf-type cultivar capable of producing a dense, fine-textured, medium-low-growing turf with a bright, dark-green color.
The survey of Exacta Research was conducted between 10-15 July.
Chester's home friendly against Bangor City at the Exacta Stadium on Saturday 11th August will kick off at 2pm, and not 3pm as originally announced.
To place a pounds 2 'exacta' bet on horse number 4 to win and horse number 6 to come second simply say "pounds 2 exacta on 4 and 6".
The former Southport player who was a fans' favourite at the Exacta, ended the season as joint top scorer at the club, and capped his season with a hat-trick in the 4-0 win against Marine in the final game of the season last month.
Phil Jenkinson, Havant ''I don't do many exactas or trifectas so I suppose I wouldn't have been told, but it does sound a good idea.
CHESTER'S Exacta Stadium could be utilised to host Liverpool's reserve-team games again next season, after initial talks between the clubs yesterday.