parimutuel

Shared wagering system

Parimutuel describes a betting system where all wagers on a race or event are pooled together, and the payout is calculated by dividing the pool among winners after the house takes its cut.

The odds aren't fixed when you bet but shift based on how much money backs each competitor.

This system dominates horse racing and greyhound tracks worldwide.

The parimutuel windows close five minutes before post time.

wagering

tote

Large open bag

punter · bettor · teller · window · pool · payout · dividends · winnings · jackpot · rollover

bets

exacta

Ordered top-two wager

across-the-board · box · wheel · key · straight · combination · parlay · exotic · swinger · each-way

odds

favorite

Most liked option

chalk · price · probability · handicapping · form · fluctuation

horseracing

track

Path or monitored route

trainer · handicap · derby · turf · furlong · steward · paddock · claiming · maiden · allowance

greyhounds

coursing

Moving swiftly through

  • greyhoundSleek, fast-running breed
  • lureThing that tempts
  • trapDevice for catching animals

kennel · grading · sprint · distance · rail · hare

jai-alai

fronton

Jai alai playing arena

post · singles · doubles

Opposites
betting odds structure

parimutuelbookmaking

Setting gambling odds

spread betting · sportsbook · point spread · money line

betting intermediary role

parimutuelbookmaking

Setting gambling odds

sportsbook

odds timing

parimutuelstarting price

Minimum opening bid amount

Family

mutual, mutuality, wagering, pari-mutuel

Familiarity
Top 1,000,000
Profile
Used worldwide · Timeless · Rated G