pari-mutuel
Track wagering system
Pari-mutuel describes a betting system where all wagers on an outcome go into a pool, and winners share the total after the house takes its cut.
The odds aren't fixed—they shift based on how much is bet on each outcome.
The system dominates horse racing and greyhound tracks: The pari-mutuel windows close two minutes before post time.
As a noun, it refers to the system itself or the machines that calculate odds.
Ordered top-three wager
- exactaOrdered top-two wager
- quinellaBet on top two finishers
- superfectaBet on four finishers
- accumulatorDevice storing incremental charge
Path or monitored route
- thoroughbredOf pure ancestral line
- jockeyProfessional race rider
- handicapImposed competitive disadvantage
- furlongEquestrian distance measure
turf · paddock · stakes · derby · steeplechase · claiming · maiden · purse
Large open bag
- poolCollective fund or basin
- handlePart for gripping
- takeoutRestaurant food for elsewhere
- dividendsProfits paid to shareholders
payouts · tickets · tellers · pick-six · breakage · rebate · carryover · simulcast
Quantified chance of occurrence
- percentagesFractions of a hundred
- favoritesMost preferred choices
- longshotUnlikely to succeed
- chalkSoft sedimentary writing stone
trifecta
Ordered top-three wager
- exactaOrdered top-two wager
- quinellaBet on top two finishers
- superfectaBet on four finishers
accumulator · wheel · parlay · place · show · across-the-board · forecast
track
Path or monitored route
- thoroughbredOf pure ancestral line
- jockeyProfessional race rider
- handicapImposed competitive disadvantage
furlong · turf · paddock · stakes · derby · steeplechase · claiming · maiden · purse · handicapping
tote
Large open bag
dividends · payouts · tickets · tellers · pick-six · breakage · rebate · carryover · simulcast · off-track
probability
Quantified chance of occurrence
- percentagesFractions of a hundred
- favoritesMost preferred choices
- longshotUnlikely to succeed
- bettingbet, ante, wager, odds, stake
- racing betsexacta, trifecta, quinella, superfecta, perfecta
- gamingvideo games, buff, games, PlayStation 4, gameplay
- gamblinggamble, gambling, casinos, casino, bets
- horse racingthoroughbred, horse racing, racehorse, flat race, horses
- betting poolsoffice pool, football pool, football pools, survivor pool, bracket pool