1. A system of betting in which those who bet on the winning horse, dog, or other competitor share the total amount wagered, minus a percentage for the operator.
Usage: Also called 'pari-mutuel' or 'parimutuel'; Common in horse racing and dog racing

1. Of or relating to a system of betting in which winnings are shared among those who bet on the winner.
Usage: Usually used in the phrase 'mutuel betting' or 'mutuel pool'

Examples

• The racetrack uses a mutuel system for all wagers.
• She won $500 through the mutuel pool after her horse came in first.
• Mutuel betting allows bettors to share in the total winnings.
• The mutuel window at the track was crowded on race day.
• He placed his bet at the mutuel booth before the race started.