Question:

what does pari-mutuel horse race betting mean?

by  |  earlier

0 LIKES UnLike

I want to know that what does pari-mutuel horse race betting mean?

 Tags:

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating
  1. Bobmitchell
    Parimutuel betting (from the French language, Pari Mutuel or mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house "take" or "vig" are removed, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the Tote after the totalisator which calculates and displays bets already made.

You're reading: what does pari-mutuel horse race betting mean?

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now