parimutuel

Noun

A system of betting on races in which the winners divide the total amount bet, after deducting management expenses, in proportion to their individual bets.

ریشه

The word 'parimutuel' is derived from the French phrase 'pari mutuel', meaning 'mutual betting'.

مثال

• Parimutuel betting is commonly used in horse racing.
• The parimutuel system ensures fair distribution of winnings.
• The study analyzed the efficiency of parimutuel markets.