noun

• A form of betting in which those backing the first three places divide the losers' stakes (less the operator's commission)

  ‘pari-mutuel betting’

  More example sentences

  • ‘We've moved from a pari-mutuel form of betting on sport, to a fixed-odds betting form.’
  • ‘The lottery prize pool would be divided appropriately, pari-mutuel style, among the winning lottery players.’
  • ‘Although Universal Prince remains in the two-mile race, several bookmakers and Victoria's pari-mutuel suspended betting on last season's champion three-year-old colt.’
  • ‘In August, a circuit judge ruled that Broward County pari-mutuel operators could move forward with the installation of slot machines because the Florida Legislature had failed to draft rules on expanded gaming.’
  • ‘All four pari-mutuel operators filed suit on May 24 seeking the court's approval to proceed with the installation of slot machines after the Florida Legislature adjourned without establishing regulations.’
  • ‘Chairman Frank Stronach has targeted NYRA as a takeover candidate for his company, which is North America's largest operator of pari-mutuel racetracks.’
  • ‘Foreigners had been required to pay 30% withholding tax on winnings for pari-mutuel wagers into U.S. pools, effectively precluding common pooling.’
  • ‘The state's official pari-mutuel provider handles wagering on Thoroughbreds, Standardbreds, and greyhounds.’
  • ‘Five years from now, every jurisdiction that has pari-mutuel wagering will have some kind of account wagering as part of its program.’
  • ‘It only accepts live telephone pari-mutuel wagers from high-volume customers to whom the company offers rebates.’
  • ‘It's been that way for more than a century and will probably continue as long as pari-mutuel wagering on anything continues.’
  • ‘The Massachusetts Senate has approved a measure that would allow Suffolk Downs in East Boston and three other pari-mutuel operations to each install 2,000 video lottery terminals at their facilities.’
  • ‘So, in 1996, the Legislature passed a law that beginning January 1, 1997, licensed pari-mutuel facilities could open commercial cardrooms.’
  • ‘Right before this pari-mutuel scratch, both Adverse and Prince Monty were co-favorites at 2-1.’
  • ‘West Virginia's four pari-mutuel operations currently employ 4,700 workers, but Arneault said that number could dip to 3,500 without a further expansion of gaming in the state.’
  • ‘Scientific Games is the parent company of AutoTote, which supplies pari-mutuel operations with the hardware, software, networks, and service needed to process wagers.’
  • ‘The races are selected from those with many runners and a competitive betting market, thereby attracting larger pari-mutuel pools than other races.’
  • ‘Most network outlets handle more money than is paid out to winners, following the traditional and profitable pattern of pari-mutuel operations.’
  • ‘Butcher will oversee the track's entire pari-mutuel operation and its more than 300 full- and part-time employees.’
  • ‘Scientific Games moved its pari-mutuel operations from Newark, Delaware, to Alpharetta, Georgia, this year.’