Parimutuel
Legal definition for Indian law research
Definition
A form of betting where winners share the total amount wagered in proporation to their bets and less a portion for the management used commonly in betting at horse racing track In parimutuel betting the payoff for a bet does not have fixed odds but depends on the amount bet on each outcome
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.