mutuel
1
9.8
- noun
- /ˈmjuːtʃuːəl/
- Jargon
:
pari-mutuel
- During the event, the mutuel clerk tallied up all the bets and prepared to distribute the winnings to the successful bettors.
- pari-mutuel
- mutuel clerk
- mutuel windows
Examples
-
That includes profits on the parimutuel betting... the breakage money, taxes from the mutuel machines... receipts from the concessions and the money from ticket sales.
-
People around the special window began shouting at one another and at the mutuel clerk serving them.
Fiction book (1990) -
"What if they have a mutuel clerk involved?" he asked.
Fiction book (1990) -
Except for money to make change with and the mutuel clerk's payoff money... why, it all goes into the office.
-
Spring in the Air, who completed the 1 1/16 miles in 1:44.33, returned mutuels of $10.60, $6, and $3.60.
Blog text (14) -
Although economics is a major part of racing, the decision makers must realize that beyond the morass of conflicting motivations, such as attendance, mutuel handle, political gain, and financial solvency, is the Thoroughbred, without whom all else is meaningless.
Blog text (14) -
At the racetrack, the mutuel system allows bettors to pool their wagers and share the winnings after expenses are deducted.
-
He placed his bets at the mutuel window, excited to see if he would win any money at the races.
Synonyms
1
9.9
A system where similar bets are put together and people who win divide the money
Compounds
- Specialized
A machine at a race or betting place that records bets and shares the total money among the winners
Surface Forms
Etymology
The noun mutuel for betting comes from French and the Latin root mutuus, which means 'shared' or 'given in return'. So a mutuel system puts all bets together in one pool and the winners share the money, which is why it has that name.