mutuel
/ˈmjuːtʃuəl/
noun
- A system of betting, especially at horse races, where all bets are pooled and the winners share the total after a deduction.
- The mutuel system ensures that payouts depend on how many people bet.
- At the horse race, the mutuel window was crowded with bettors.
- He placed his bet through the mutuel at the racetrack.