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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
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