PARIMUTUEL BETTING
parimutuel betting (par-i-myoo-choo-<<schwa>>l). A system of gambling in which bets placed on a race are pooled and then paid (less a management fee and taxes) to those holding winning tickets. [Cases: Gaming 1.]
[Blacks Law 8th]
parimutuel betting (par-i-myoo-choo-<<schwa>>l). A system of gambling in which bets placed on a race are pooled and then paid (less a management fee and taxes) to those holding winning tickets. [Cases: Gaming 1.]
[Blacks Law 8th]