A parimutuel bet is a type of wager where all bets of a particular type are placed together in a pool, and the payoff odds are calculated by dividing the amount in the pool by the number of winning bets. The two crossword solutions for the term PARIMUTUEL BET are EXACTA (6 letters) and WIN (3 letters). An EXACTA bet is a type of parimutuel bet where the bettor must select the first and second place finishers in a race in the correct order. A WIN bet is a type of parimutuel bet where the bettor must select the single horse that will finish first in a race.