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parimutuel

 

Definitions from WordNet

Noun parimutuel has 1 sense
  1. parimutuel - betting where winners share the total amount wagered
    --1 is a kind of
    bet, wager

Definitions from the Web

Parimutuel

Noun:

  1. A form of betting where the payout is based on the total amount wagered, with the winners sharing the pool of money.

Example Sentence:

"He won a considerable amount of money by placing a bet on the horse race using parimutuel."

Adjective:

  1. Relating to or using the parimutuel betting system.

Example Sentence:

"Parimutuel betting is a popular way to place bets on various sports events."

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