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pari-mutuel

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
pari-mutuel, parimutuel
betting on the totalizator. Literally means betting between ourselves. All of the money wagered is divided up equally between those who have backed the winning and placed horses.
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Fixed-odds gambling Pari-mutuel betting and fixed odds gambling regularly occur at different kinds of political elections and sporting events.
Gambling and Its Types by Jeff Grant / Travel, recreation and leisure community
Flagler and other pari-mutuel gambling facilities -- places where bettors wager against each other, usually on races or games -- in Miami-Dade County are permitted to install up to 2,000 slot machines each.
Economy puts long odds on casino construction by Seemuth, Mike / The Real Deal
In other words, allowing what amounts to pari-mutuel or group wagering.
The Poker Tournament Craze by Kenneth Bateman / Arts and entertainment industries community
 
 
 
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