pari-mutuel

noun

pari-mu·tu·el ˌper-i-ˈmyü-chə-wəl

-chəl,

ˌpa-ri-;

-ˈmyüch-wəl

: a betting pool in which those who bet on competitors finishing in the first three places share the total amount bet minus a percentage for the management

: a machine for registering the bets and computing the payoffs in pari-mutuel betting

Examples of pari-mutuel in a Sentence

Recent Examples on the Web In California, prize payout amounts are pari-mutuel, meaning it's determined by the sales and the number of winners. —

Victoria Moorwood, The Enquirer, 28 Mar. 2024 The 30-year compact allows anyone over the age of 21 anywhere in Florida to use a sports betting app on their phone to place a bet with the tribe, or through Florida pari-mutuels that contract with the tribe for that purpose. —

Lawrence Mower, Miami Herald, 22 Mar. 2024 The pari-mutuel firms’ latest petition before the U.S. Supreme Court was filed Feb. 8, after an appellate panel reversed a federal district court decision in their favor. —

Mike Schneider, Fortune, 11 Mar. 2024 People can bet on pro, college, electronic and amateur sports, and pari-mutuel betting on horse racing. —

Julia Coin, Charlotte Observer, 7 Mar. 2024 What To Watch This Weekend: New TV Shows And Movies To Stream On Netflix, Hulu, Amazon Prime And More With pari-mutuel wagering, the odds are not fixed and rather are determined by the amount bet on each number and horse. —

Jay Ginsbach, Forbes, 24 Feb. 2024 Using the turf course at Laurel and the dirt at Delaware Park could be a pari-mutuel home run. —

Reader Commentary, Baltimore Sun, 8 Jan. 2024 The deal also allowed the tribe to contract with the state’s pari-mutuel operators to offer sports betting and gave the Seminoles permission to add craps and roulette at their casinos. —

Dara Kam, Sun Sentinel, 4 Jan. 2024 The commission regulates the use of horse race meets, public horse training tracks and off-track betting businesses that take pari-mutuel racing wagers at locations outside racetracks. —

Ben Botkin, oregonlive, 10 Aug. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'pari-mutuel.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.