For Parimutuel we have terms and definitions in 3 topics. The topics are Casino Industry, Horse Racing and Online Casino.

Parimutuel (Casino Industry)

Refers to races where the wagers are pooled and the winner's payoff relates to the number of total winners, minus a commission paid to the track.

Parimutuel (Horse Racing)

Form of wagering at the racetrack. Under the parimutuel system, which was originated by Pierre Oller in 1865, all the money wagered is returned to the bettors after a set takeout, which means the bettors are competing among themselves and not against the racetrack.

Parimutuel (Online Casino)

Races where the wagers are pooled and the winner's payoff relates to the number of total winners.

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