Parimutuel

Pronunciation of Parimutuel  

English Meaning

  1. Any betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
  2. A machine used to record bets and calculate payoffs.

   

The Usage is actually taken from the Verse(s) of English+Malayalam Holy Bible.

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