parimutuel

Thân thiện

A group of friends study a parimutuel betting board at a racetrack.

Definition

1. Noun:
   • A system of betting on races where the winners divide the total amount wagered, minus a management fee: A parimutuel is a form of gambling, most commonly associated with horse or dog racing, in which all bets of a particular type are placed together in a pool. The odds are not fixed in advance but are determined by the final betting pool. After the organizers deduct a percentage (the "take"), the remaining pool is shared among those who placed winning bets.

Usage Examples

• Noun:
  • The racetrack uses a parimutuel system for all its wagers.
  • In a parimutuel, your final payout depends on how many other people bet on the same winning outcome.

Advanced Usage

• "Parimutuel betting": The full term for the activity or system.

  • Parimutuel betting is the standard for horse racing in many countries.

• "Parimutuel pool": The collective sum of all money wagered on a particular event or type of bet.

  • The win pool was the largest parimutuel pool of the day.

Variants and Related Words

• Totalizator (or Tote) (n): A machine or system that automatically records bets and calculates odds and payouts in a parimutuel system.
  • The odds are displayed on the totalizator board.

Synonyms

• Pool betting: A synonym emphasizing the collective pool of money.
• Pari-mutuel betting: An alternative spelling of the full term.

Notes on Meaning

• The term "parimutuel" is almost exclusively used in the context of organized racing and gambling. It is not used in general conversation.
• It functions as both a noun for the system itself () and, through common shortening, for the place where such bets are made ().

Học thuật

Noun

1. betting where winners share the total amount wagered