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Definition of Parimutuel
1. Noun. Betting where winners share the total amount wagered.
Definition of Parimutuel
1. Noun. 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 sharing the pool among all placed bets. ¹
2. Noun. A machine used to record bets and calculate payoffs. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Parimutuel
Literary usage of Parimutuel
Below you will find example usage of this term as found in modern and/or classical literature:
1. Transactions of the Commonwealth Club of California by Commonwealth Club of California (1903)
"The tracks are, in effect, paying a special tax in return for the privilege of
parimutuel betting, without which racing would attract far fewer people. ..."
2. Southeast Florida by Sharon Spencer (1998)
"At Hollywood Greyhound Track, fleet-footed greyhounds chase a mechanical rabbit
nightly from December 26 to April 26 for parimutuel wagering. ..."
3. Occupational Outlook Handbook, 1996-1997 by DIANE Publishing Company (1996)
"... courtesy booth 234 4364 Money counter 234 4364 parimutuel-ticket cashier 234
4364 parimutuel-ticket seller 234 4364 Sheet writer 234 4364 Ticket seller ..."
4. House Bills of House of Delegates of the State of West Virginia for the by West Virginia, House of Delegates, Legislature (1921)
"... may in its discre- 3 tion permit the use during such meetings of what is known
as 4 parimutuel machines to be used during such meeting, ..."
5. National Gambling Impact Study Commission Final Report: Congressional Hearing edited by Ben Nighthorse Campbell (2001)
"The Commission was charged with studying the social and economic impacts of State
lotteries, casinos, parimutuel betting, Indian gaming and other forms of ..."
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