mutuel Definition
- 1a form of betting in which those backing the first three places divide the losers' stakes (less the operator's commission)
- 2a system of betting on races whereby the winners divide the total amount bet, after deducting management expenses, in proportion to the sums they have wagered individually
Using mutuel: Examples
Take a moment to familiarize yourself with how "mutuel" can be used in various situations through the following examples!
Example
The racetrack uses a mutuel system for betting.
Example
The mutuel betting system is popular in horse racing.
Example
The total amount bet in the mutuel pool was $100,000.
mutuel Synonyms and Antonyms
Synonyms for mutuel
- totalisator
- tote
- pari-mutuel
- betting system
Phrases with mutuel
pari-mutuel
a system of betting used in horse racing and other sports in which those backing the first three places divide the losers' stakes (less the operator's commission)
Example
The racetrack uses a pari-mutuel system for betting.
a large board or electronic display at a racecourse or stadium, showing the odds and results of the various races or events
Example
The tote board displayed the odds for each horse in the race.
a ticket that has the winning combination of numbers or symbols in a lottery or betting game
Example
She held the winning ticket for the mutuel pool.
Origins of mutuel
from French 'mutuel', from Latin 'mutuus', meaning 'borrowed, lent'
Summary: mutuel in Brief
'Mutuel' [myoo-choo-uh l, -chew-] refers to a form of betting in which the winners divide the total amount bet, after deducting management expenses, in proportion to the sums they have wagered individually. It is commonly used in horse racing and other sports. The term extends into phrases like 'pari-mutuel,' and 'tote board,' denoting the display of odds and results.
