parimutuel
parimutuel Lexical Profile
parimutuel Game Scores & Validity
• adjective
Relating to or involving a system of betting in which the winners divide the total amount wagered.
"Many states have legalized parimutuel wagering on horse races to generate local tax revenue."
• noun
A system of betting in which those who back the winners divide the total amount wagered, less a percentage for the management, taxes, and track operations.
"The racetrack operates exclusively on a parimutuel, ensuring the house takes a set cut regardless of the actual race outcome."
A machine used for registering bets and computing the changing odds and payoffs in a mutual betting system.
"He checked the display on the parimutuel to see how the odds on his favorite horse had shifted right before post time."
• Rhymes for parimutuel
Word Origin & Etymology
Borrowed from French 'pari mutuel', meaning 'mutual bet', originating in the late 19th century and pioneered by Pierre Oller.
Usage Trend
Historical frequency of usage in published text.