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Parimutuel   Listen
noun
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.





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Words linked to "Parimutuel" :   wager, bet



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