Pari - mutuel betting is a form of pool betting that doesn't use fixed odds. Find out exactly how it works here and the different types there are.
Parimutuel betting is very different than betting on sports with fixed odds. Parimutuel betting is most often used in used in horse racing, but can also be used in.
French pari, “ bet ”; mutuel, “mutual” method of wagering introduced in France about 1870 by Parisian businessman Pierre Oller. It became one.
Official: Pari mutuel betting
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