- /par'i myooh"chooh euhl/, n.1. a form of betting and of handling the betting on horse races at racetracks, in which those holding winning tickets divide the total amount bet in proportion to their wagers, less a percentage for the management, taxes, etc.2. Also called parimutuel machine. an electronic machine that registers bets in parimutuel betting as they are made and calculates and posts the changing odds and final payoffs.[1880-85; < F: lit., mutual bet]
* * *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 с 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.
* * *▪ gambling systemFrenchpari, “bet”; mutuel, “mutual”plural pari-mutuels , or Paris-mutuelsmethod of wagering introduced in France about 1870 by Parisian businessman Pierre Oller. It became one of the world's most popular methods of betting on horse (horse racing) races.Most pari-mutuel systems are operated by the racetrack, although in France a national pari-mutuel system with offtrack branches was established in 1891. In pari-mutuel betting, the player buys a ticket on the horse he wishes to back. The payoff to winners is made from the pool of all bets on the various entries in a race, after deduction of an operator's commission and tax. The system has the advantages of always giving the operator a profit and allowing any number of bettors to win.An important innovation in pari-mutuel betting came in the 1920s with the development of the totalizator, a mechanical device for issuing and recording betting tickets. Modern totalizators, usually computers, calculate betting pools and current odds on each horse and flash these figures to the public at regular intervals. They may also display race results, payoff amounts, running times, and other information. Increasingly sophisticated equipment has encouraged introduction of a variety of combination bets, such as the daily double (picking winners in two specified races, usually the first two), exacta, or perfecta (picking the first two finishers in a race in precise order), quinella (picking the first two finishers in a race regardless of order), and pick six (picking the winners in six consecutive races, usually the second through the seventh).Pari-mutuel betting is still most practiced in horse racing but has an important place in other sports as well, most notably dog racing and jai alai.
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Pari Mutuel — Le Pari Mutuel est le principe de pari selon lequel l’ensemble des enjeux misés par les parieurs est mutualisé en une masse commune puis redistribué aux gagnants au prorata de leurs mises, après déduction d’un prélévement proportionnel destiné à… … Wikipédia en Français
Pari-mutuel — urbain Logo de Pari Mutuel Urbain Marque déposée tous droits réservés Création 1930 … Wikipédia en Français
pari-mutuel — 1881, from Fr. pari mutuel mutual wager, from pari wager (from parier to bet, from L. pariare to settle a debt, lit. to make equal, from par, gen. paris, equal ) + mutuel mutual, from L. mutuus (see … Etymology dictionary
Pari mutuel — Une course hippique. Le pari mutuel est le principe de pari selon lequel l’ensemble des enjeux misés par les parieurs est mutualisé en une masse commune puis redistribué aux gagnants au prorata de leurs mises, après déduction d’un prélèvement… … Wikipédia en Français
pari-mutuel — noun Etymology: French pari mutuel, literally, mutual stake Date: 1881 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… … New Collegiate Dictionary
pari-mutuel — A method of wagering at race tracks, whereby those who bet on the winning horse share the total stakes less a percentage to the management. People v Monroe, 340 Ill 270, 182 NE 439, 85 ALR 605; Utah State Fair Asso. v Green, 68 Utah 251, 249 P… … Ballentine's law dictionary
pari-mutuel — par•i mu•tu•el or par•i•mu•tu•el [[t]ˌpær ɪˈmyu tʃu əl[/t]] n. 1) spo a form of betting on horse races, in which those holding winning tickets divide the total amount bet in proportion to their wagers 2) spo Also called pari mu′tuel machine′. an… … From formal English to slang
pari-mutuel — (pah ree MYOO choo el) [French: mutual bet] A form of betting on horse races in which those with winning tickets share in the total amount wagered, less a percentage for the track and taxes. Eight states currently allow pari mutuel wagering … Dictionary of foreign words and phrases
pari-mutuel — [ˌpα:rɪ mju:tʃʊəl, tjʊəl] noun a form of betting in which those backing the first three places divide the losers stakes. Origin Fr., lit. mutual stake … English new terms dictionary
pari mutuel — n. mutual bet ; form of betting whereby winners receive share of all stakes placed; totalizator or pool betting … Dictionary of difficult words