pari-mutuel
pari–mu·tu·el
noun\ˌper-i-ˈmyü-chə-wəl, -chəl, ˌpa-ri-; -ˈmyüch-wəl\
Definition of PARI-MUTUEL
1
: a 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
2
: a machine for registering the bets and computing the payoffs in pari-mutuel betting
Origin of PARI-MUTUEL
French pari mutuel, literally, mutual stake
First Known Use: 1881
Learn More About PARI-MUTUEL
Browse
Next Word in the Dictionary: parinari
Previous Word in the Dictionary: parieto–occipital fissure
All Words Near: pari-mutuel
Previous Word in the Dictionary: parieto–occipital fissure
All Words Near: pari-mutuel
Seen & Heard 
What made you want to look up pari-mutuel? Please tell us where you read or heard it (including the quote, if possible).
