Pari-mutuel betting is a type of wagering that involves pooling bets from multiple people and then distributing the winnings based on each person's contribution. "pari-mutuel" comes from the ...

NASCAR and 1/ST Technology, Thoroughbred racing and gaming’s largest technology company specializing in pari-mutuel betting solutions, announced a first-of-its-kind pari-mutuel betting ...

During the late 1860s, an entrepreneur in Paris named Joseph Oller invented a new form of betting he called pari-mutuel. In this method, bettors wager among themselves instead of against the house.