bet vs parimutuel

bet and parimutuel both are nouns.

Word	Noun	Adjective	Verb	Adverb
bet	Yes	No	Yes	No
parimutuel	Yes	No	No	No

As nouns, parimutuel is a hyponym of bet; that is, parimutuel is a word with a more specific, narrower meaning than bet:

Other hyponyms of bet include daily double, exacta, perfecta, parlay, place bet, superfecta, handicap bet.

bet (noun)	parimutuel (noun)
the act of gambling	betting where winners share the total amount wagered
the money risked on a gamble

bet (verb)	parimutuel (verb)
have faith or confidence in
maintain with or as if with a bet
stake on the outcome of an issue