Word Study
parimutuel
WORDNET DICTIONARY
Noun parimutuel has 1 sense
CIDE DICTIONARY
parimutuel, n.
A form of betting where winners share the total amount wagered, in proporation to their bets, and less a portion for the management; -- used commonly in betting at horse racing track. In parimutuel betting, the payoff for a bet does not have fixed odds, but depends on the amount bet on each outcome. [WordNet 1.5]
For further exploring for "parimutuel" in Webster Dictionary Online
