Longman Dictionary of Contemporary English homepage

Date: 1800-1900
Language: French
Origin: 'mutual bet'

parimutuel

noun
     
Related topics: Gambling, Horses
par‧i‧mu‧tu‧el
1 [uncountable]DGGDSH a system in which the money that people have risked on a horse race is shared between the people who have won:
parimutuel betting
2 [countable] American EnglishDGGDSH a machine used to calculate the amount of money that people can win when they risk it on horse races

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