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Definitions from the Web

Term: Mutuel

Definition: Mutuel refers to a method of gambling where bets are placed on a competition, and the total amount wagered is shared among the winners, deducting a certain percentage as a commission or fee.

Parts of Speech: noun, adjective

Senses:

1. Noun: In the context of gambling, mutuel refers to a system or process wherein bets are collectively pooled, and the winnings are distributed among the successful bettors, minus a commission.

Example sentence: My friend won a significant amount of money at the horse race thanks to his wise bet in the mutuel system.

2. Adjective: As an adjective, mutuel describes something that pertains to or is associated with the mutual betting system.

Example sentence: The racetrack features a mutuel window where gamblers can place their bets.

Possible Related Products on Amazon:

Mutuel Handbook