pari-mutuel

noun

pari-mu·​tu·​el ˌper-i-ˈmyü-chə-wəl How to pronounce pari-mutuel (audio)
-chəl,
ˌpa-ri-;
-ˈmyüch-wəl
1
: 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
2
: 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.

Word History

Etymology

French pari mutuel, literally, mutual stake

First Known Use

1881, in the meaning defined at sense 1

Time Traveler
The first known use of pari-mutuel was in 1881

Dictionary Entries Near pari-mutuel

Cite this Entry

“Pari-mutuel.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pari-mutuel. Accessed 18 Apr. 2024.

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