Fr pari mutuel < pari, a bet (< parier, to bet, orig., to equalize < LL pariare, to make equal < L par: see par 1) + mutuel, mutual You may also like English Quiz gam·bling (găm′blĭng) n. 1. The activity of playing a game for stakes or betting on an uncertain outcome. 2. The business of operating facilities where such activities take place. Gambling See also chance; games pari-mutuel a system of betting used at horseracing tracks under which holders of winning tickets divide the total amount wagered in 'Pari is a song written by Bilal in hope of helping someone extremely dear to him during a very difficult stage in their life. Define pari-mutuel. pari-mutuel synonyms, pari-mutuel pronunciation, pari-mutuel translation, English dictionary definition of pari-mutuel. also par·i·mu·tu·el n. 1. A system of betting on races whereby the winners divide the total amount bet, after deducting management expenses, in proportion... PARI-MUTUEL GAMBLING. Pari-mutuel is a French term meaning “mutual stake.” In pari-mutuel betting, all wagers on a particular event or race are combined into a pool that is split between the winning bettors, minus a percentage for the management. The larger the pool, the bigger the payoff.
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Philippe Germond, Chairman, PMU discussing the respective pros and cons of fixed-odds betting and parimutuel betting, and which is the better business model compared to which brings the best ... I will describe a new mechanism for risk allocation and information speculation called a dynamic pari-mutuel market (DPM). A DPM acts as hybrid between a pari-mutuel market and a continuous double ... Video shows what pari-mutuel means. 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... Learn how to read the Parimutuel Betting Pools, Will Pays and Probable Payouts in Horse Racing. With this information you can tell exactly how much you can expect to win on your daily double, pick ... Horse Betting 101: Inside Tips from a Pro Handicapper - Off Duty - Duration: 4:16. Wall Street Journal 307,238 views