Parimutuel: meaning, definitions and examples
๐
parimutuel
[ หpรฆrษชหmjuหtษl ]
gambling system
Parimutuel is a form of wagering in which all bets of a particular type are placed together in a pool. After the house takes its cut, the payoff odds are calculated by sharing the pool among all winning bets. This system is commonly used in horse racing and other types of betting.
Synonyms
mutuel betting, pool betting
Examples of usage
- She placed a parimutuel bet on the horse race.
- The parimutuel system ensures fair payouts based on the total amount wagered.
- In parimutuel betting, the odds fluctuate based on the amount bet on each participant.
- Many fans enjoy parimutuel betting at the racetrack.
Translations
Translations of the word "parimutuel" in other languages:
๐ต๐น parimutuel
๐ฎ๐ณ เคชเฅเคฐเคฟเคฎเฅเคฏเฅเคเฅเค เคฒ
๐ฉ๐ช Parimutuel
๐ฎ๐ฉ parimutuel
๐บ๐ฆ ะฟะฐััะผััะธัะฝะธะน
๐ต๐ฑ parimutuel
๐ฏ๐ต ใใชใใฅใผใใฅใจใซ
๐ซ๐ท parimutuel
๐ช๐ธ parimutuel
๐น๐ท parimutuel
๐ฐ๐ท ํ๋ฆฌ๋ฎค์ถ์ผ
๐ธ๐ฆ ุจุงุฑูู ูุชุดูุงู
๐จ๐ฟ parimutuel
๐ธ๐ฐ parimutuel
๐จ๐ณ ๅธ้็ผ ๅพๅฐ
๐ธ๐ฎ parimutuel
๐ฎ๐ธ parimutuel
๐ฐ๐ฟ ะฟะฐัะธะผััะตะปั
๐ฌ๐ช แแแ แแแฃแขแฃแแแ
๐ฆ๐ฟ parimutuel
๐ฒ๐ฝ parimutuel
Etymology
The term 'parimutuel' is derived from the French words 'pari mutuel,' which translates to 'mutual bet.' This betting system originated in France in the late 19th century, particularly around the time of horse racing. The concept was designed to create a more equitable and collective betting environment where bettors would share the risk. The system gained popularity and was later adopted in various parts of the world, especially in the United States, where it became a standard method for wagering on horse races. Over time, it has expanded to include other sports and events, evolving into a prominent feature of modern betting practices.