wager vs parimutuel

wager and parimutuel both are nouns.

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

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

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

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

wager (verb)	parimutuel (verb)
maintain with or as if with a bet
stake on the outcome of an issue