☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Parimutuel Betting

A betting system in which all bets are pooled and the payout is calculated by sharing the pool among winning bets after deducting the operator's commission — used in horse racing and jai alai.

Etymology: French: 'pari mutuel' — mutual bet · Category: Gambling Law
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