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pari-mutuel
[ par-i-myoo-choo-uhl ]
noun
- 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.
- 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.
pari-mutuel
/ ˌæɪˈːʊə /
noun
- a system of betting in which those who have bet on the winners of a race share in the total amount wagered less a percentage for the management
- ( as modifier )
the pari-mutuel machine
yvlog History and Origins
Origin of pari-mutuel1
yvlog History and Origins
Origin of pari-mutuel1
Example Sentences
But racing interests say that HHR is not a game of chance but skill and is connected to a pari-mutuel hub.
If it is skill, and proved to be a pari-mutuel product, then the path to success is much easier.
The two pari-mutuel firms say the compact signed by the governor and the tribe in 2021 gives the tribe a sports gambling monopoly and creates a “backdoor” way out of the state’s requirement, passed by voters in 2018 as an amendment to the Florida Constitution, that a citizens initiative is needed to expand casino gambling outside tribal land.
The pari-mutuel firms also sued DeSantis and leaders of the Florida Legislature, which authorized the compact, in a case pending before the Florida Supreme Court.
The pari-mutuel firms’ latest petition before the U.S.
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