It comes from French, and means mutual betting. Essentially it is a system in which you bet into a pool of bets, and the odds are determined. This is how parimutuel wagers differ from fixed odds bets. With fixed odds, bettors take an agreed price or can choose the starting price (SP). Another way of stating this is that pari-mutuel wagering is a form of betting in which the losers' wagers (less a percentage for the house) are distributed. VALUE GROWTH INVESTING GLEN ARNOLD EBOOK TORRENTS
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