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Pari-mutuel
//ˌpaɹiˈmjuːtʃʊəl//
"Pari-mutuel" in a Sentence (2 examples)
There is also a pari-mutuel option. You and a friend can wager that you will each lose 15 pounds over the next two months. If you both succeed, the money is returned. But if one fails while the other succeeds, then the loser pays the winner. If you both fail, then the one who loses the most is the winner.
The Italian were full of manners and McAdams talked to Catherine while we went down to bet again. Mr Meyers was standing near the pari-mutuel.
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Unscramble this word: parimutuel