- a form of betting and of handling the betting on horse races at racetracks, in which those holding winning tickets divide the total amount bet in proportion to their wagers, less a percentage for the management, taxes, etc.
- an electronic machine that registers bets in parimutuel betting as they are made and calculates and posts the changing odds and final payoffs.
- a system of betting in which those who have bet on the winners of a race share in the total amount wagered less a percentage for the management
- (as modifier)
