pari-mutuel

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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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Kitts, New Zealand and other jurisdictions; the latest in Internet gaming technology including streaming, wireless, border control and voice systems; the growth in Internet lotteries around the world; major developments with online sportsbooks, pari-mutuel sites and Internet casinos.