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Meaning of pari-mutuel | Babel Free

Noun CEFR C1

/ˌpaɹiˈmjuːtʃʊəl/

Definitions

Any betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
A booth used to place such bets, or a machine used to record bets and calculate payoffs.

Equivalents

Suomi totalisaattori toto

Français pari mutuel

Examples

“There is also a pari-mutuel option. You and a friend can wager that you will each lose 15 pounds over the next two months. If you both succeed, the money is returned. But if one fails while the other succeeds, then the loser pays the winner. If you both fail, then the one who loses the most is the winner.”

“The Italian were full of manners and McAdams talked to Catherine while we went down to bet again. Mr Meyers was standing near the pari-mutuel.”

CEFR level

C1

Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

Pariah pariah arrack pariah dog pariah kite pariahdom pariahism