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pari-mutuel noun

  /ˌpaɹiˈmjuːtʃʊəl/
  • (horse racing) Any betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets. [from 19th c.]
 totalisaattori, toto
  • A booth used to place such bets, or a machine used to record bets and calculate payoffs. [from 19th c.]
 totokoppi
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