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WordNet 3.0Copyright Princeton University
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n. - Betting where winners share the total amount wagered.

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Usage examples (30)
  • They also allow for risk, known as "parimutuel" betting.
  • The public-private partnership would pool resources to tackle complicated betting security problems such as parimutuel "pool" manipulation, money laundering and network...
  • That number doesn't include revenue from parimutuel betting on the races.
  • Hint #1: It does not involve arbitrage between the parimutuel pool and any other odds.
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