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| par·i-mu·tu·el [ pàrri mychoo əl ] (plural par·i-mu·tu·els [ pàrri mychoo əl ] or par·is-mu·tu·els [ pàrri mychoo əl ]) |
noun U.S. |
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| Definition: |
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1. system of betting on horseraces: a system of betting on horseraces using an electronic machine that totals all bets, deducts management charges and taxes, and determines the final odds and payouts.
See also tote2
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2. betting machine: a machine that records bets and calculates winnings in the pari-mutuel betting system
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| [< French, "mutual wager"] |
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