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pari-mutuel
(horse racing) 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.
A booth used to place bets, or a machine used to record bets and calculate payoffs.
💬 Quotations
The Italian were full of manners and McAdams talked to Catherine while we went down to bet again. Mr Meyers was standing near the pari-mutuel.
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