What does Pari-Mutuel mean in horse racing betting?
Parimutuel betting (from pari mutuel, "mutual betting") is a betting system in which all bets of a particular type are placed together ...
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This feature is only available with the following products: Parimutuel betting is frequently used for club events where members (and others) can bet on teams and players.
Horse Racing > Basics > Types of Horse Racing Wagers: Your Betting Options Explained.
Betting Explained states what happens to your bet when your selection dead-heats.
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