Parimutuel betting

Parimutuel betting (from the French: Pari Mutuel or mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are removed, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the Tote after the totalisator, which calculates and displays bets already made.

The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games.

Definition

Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed – in fixed odds betting, the payout is agreed at the time the bet is sold.

Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at "off track" facilities, where players may bet on the events without actually being present to observe them in person.

Pari

The Pari people are an ethnic group in Sudan.

Pari or PARI may also refer to:

Places

Notable people

See also

Pari (film)

Pari (Persian: پری) is a 1995 Iranian motion picture directed by Dariush Mehrjui. The film is an unauthorized "loose" adaptation of J. D. Salinger's 1961 book Franny and Zooey. Though the film could be distributed legally in Iran since the country has no official copyright relations with the United States, Salinger had his lawyers block a planned screening of the film at Lincoln Center in 1998. Mehrjui called Salinger's action "bewildering," explaining that he saw his film as "a kind of cultural exchange."

Plot

Pari is a student of literature at a university in Tehran. She is a confident yet angry girl who is projecting her inner struggle by outwards aggression towards her tutor, her fiancé and her brother and she is on the verge of a nervous breakdown or a mental suicide.

An old Sufi book by the name of "solook" helps take her on a journey to find herself and discover who she really is. Her brother helps her accomplish this goal.

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Pari (letter)

Pari (asomtavruli Ⴔ, nuskhuri ⴔ, mkhedruli ფ) is the 24th letter of the three Georgian scripts.

In the system of Georgian numerals it has a value of 500.

Letter

Stroke order

Computer encodings

Braile

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References

Bibliography