pari-mutuel machine
- noun
- /ˌpɑːriˈmjuːtʃuːl məˈʃiːn/
- Specialized
- The pari-mutuel machine calculates how much each winner will receive based on the total amount wagered by all participants.
Examples
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The pari-mutuel machine instantly calculates the payouts based on total bets.
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All bets must be placed through the pari-mutuel machine before the race begins.
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Advances in technology have made the pari-mutuel machine faster and more reliable.
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The pari-mutuel machine was busy during the race.
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Many pari-mutuel machines are located at the racetrack.
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Bettors can place their wagers through the pari-mutuel machine to ensure their bets are recorded accurately.
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At the racetrack, the pari-mutuel machine operates continuously, managing bets until the race starts.
Synonyms
A machine or computer that records bets and divides the money among winners
A machine at a racetrack that records bets and divides the money among winners
Surface Forms
Morphology
pari-mutuel + machine
The compound is a straightforward type-of construction: 'machine' denotes a device and 'pari-mutuel' specifies the betting system, so a learner who knows both constituents can directly infer it is a machine used for pari-mutuel betting. Note that 'pari-mutuel' is a technical, borrowed term that may be unfamiliar to many B1 learners, but that unfamiliarity concerns lexical frequency, not the compositionality of the compound.
Etymology
The noun pari-mutuel machine comes from a betting system where all bets go into one pool and are shared, and 'pari-mutuel' means 'betting together' while the machine records the bets. So the name fits the device that collects all the bets and divides the total money among the winners.