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Related to parimutuel: trifecta, mutuels

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.
References in periodicals archive ?
Most horse tracks in the world operate as a parimutuel system (the system is called the totalisator in the United Kingdom, Australia, and New Zealand), (2) whereas horse tracks in the United Kingdom, Ireland, and Australia also employ bookmaker-based systems.
In 1997, to augment its smaller parimutuel house take, the Mardi Gras added a poker room on the second floor of the clubhouse, next to the parimutuel betting area.
These days, the American parimutuel wagering industry also includes dog racing in 16 States and jai alai in Connecticut, Florida, and Rhode Island.
The market potential for gaming machines in Florida is tremendous, with negotiations continuing for Class III gaming at tribal casinos and the potential expansion of slots or VLTs to other parimutuel properties," said panel moderator Charles Anderer, Director of Trade Events for conference co- producer BNP Media Gaming Group.
Such machines, which allow customers to wager on videotaped horse races, apparently conform to state law because the betting is parimutuel.
Longitude's calculation engine uses parimutuel principles to aggregate liquidity and produce fair and efficient prices for event-driven transactions.
Jargon-buster Parimutuel A form of wagering originated in 1865 by Frenchman Pierre Oller in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made.
16-17 at the Seminole Hard Rock Hotel & Casino here, has attracted expert speakers to address such issues as state compacts with Indian casinos, deregulation, and allowing slot machines at parimutuel facilities beyond Broward County.
Casinos, Gaming & Wagering 2010" is the most comprehensive source for current gaming and wagering statistics and historical data available from any source and an invaluable tool for strategic planners at casinos and parimutuel tracks, lottery executives, marketers, gaming equipment suppliers, analysts, and researchers.
Sportech underwent enormous corporate and management change over the past 12 months, most notably as a result of acquiring the US-based parimutuel operator Scientific Games Racing (SGR), but the company has emerged as "one of the world's leading pools and tote betting operators", according to chief executive Ian Penrose.
1, cited the lack of turf racing as a major reason for the decline in the parimutuel numbers.
Mini-Satellite" Wagering Facility Will Offer Self-Serve Terminals for Parimutuel Betting