Parimutuel wagering definition
Parimutuel wagering means a mutual stake or wager on any event or game not otherwise prohibited by these procedures in which those who bet share the total stakes, less a percent to the management, that is not specifically prohibited by 28 U.S.C. 3702, et seq. Parimutuel wagering includes "calcutta wagering."
Examples of Parimutuel wagering in a sentence
Pari-mutuel wagering, racetracks, and excursion gambling boats as provided in chap- ters 99D and 99F.