Back Totalisator German Apuestas mutuas Spanish Totalisaator Estonian Toto (rahapeli) Finnish Pari mutuel French Totalizatoro IO パリミュチュエル方式 Japanese 패리뮤추얼 제도 Korean Тотализатор Kirghiz Totalizators Latvian/Lettish
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Parimutuel betting or pool 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 deducted, 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 other 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.
