mutuel


mutuel

(ˈmjuːtjʊəl) n (Gambling, except Cards) short for pari-mutuel

par•i-mu•tu•el

or par•i•mu•tu•el

(ˌpær ɪˈmyu tʃu əl)

n. 1. a form of betting on horse races, in which those holding winning tickets divide the total amount bet in proportion to their wagers. 2. Also called pari-mu′tuel machine′. an electronic machine that registers bets in pari-mutuel betting as they are made and calculates and posts the changing odds and final payoffs. [1880–85; < French: literally, mutual bet]