Category
Race terms
Glossary term
Pari-mutuel / Tote betting
A betting system in which stakes are pooled and final returns are calculated from the pool after deductions, rather than being fixed by a bookmaker when the bet is placed.
Japanese term
パリミュチュエル・トータリゼータ方式
Reading: ぱりみゅちゅえる
Review status
Enriched content reviewed
Last reviewed:
Aliases
- Tote
- Pool betting
Beginner explanation
Your final return depends on how money is distributed across the betting pool, so displayed odds can change until betting closes.
Related terms
3 reviewed connections. Related concepts are not necessarily synonyms.