+Pari-mutuel is a betting system where all wagers of a particular type are placed together in a [pool](/wiki/pool). Unlike fixed-odds [betting](/wiki/betting), payouts are calculated after the pool closes, based on the final distribution of bets, creating dynamic odds. This system ensures the house takes a fixed percentage, while winners share the remaining fund.
+## See also
+- [Gambling](/wiki/gambling)
+- [Odds](/wiki/odds)
+- [Horse Racing](/wiki/horse_racing)
... 1 more lines