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pari-mutuel
(redirected from pari-mutuels)

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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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Miami-Dade voters approved a local referendum to permit slot machines at pari-mutuels in January 2008.
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The deal was brokered by John Stuart, Phumelela's director of international marketing, who was in Paris for a round table forum organised by the International Federation of Horseracing Authorities and European Pari-Mutuels Association.
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Pressure from commercial competition in the southeast Florida market will increase in 2010 as pari-mutuels in Miami-Dade County add Class III slots, following the three locations in Broward County that did so in 2006-2007.
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