totalisator
Definition
- Noun:
- A computer or system that registers bets, calculates the total amount of money bet on an event (like a horse race), and automatically divides this total among the winning bettors after deducting a commission. It is a central system for pari-mutuel betting.
Usage
- The totalisator is a key piece of equipment at racetracks and betting pools.
- It is used to ensure fair and transparent payout calculations for all winning bets based on the final odds.
Examples
- Noun:
- All bets were processed through the electronic totalisator to determine the final payout odds.
- The racetrack upgraded its totalisator system to handle a higher volume of wagers more efficiently.
Advanced Usage
- The term is often used in the context of official, regulated betting systems, particularly in horse racing and some other sports in certain countries.
- The shortened form "tote" is very commonly used in everyday speech (e.g., "tote board," "place a tote bet").
Variants and Related Words
- Totalizator: An alternative spelling.
- Tote (noun): A common abbreviation for totalisator.
- Pari-mutuel machine: A descriptive synonym for the same system.
Synonyms
- Pari-mutuel machine
- Tote system
- Betting computer
Related Terms (Context)
- Pari-mutuel betting: The type of betting pool system for which a totalisator is used.
- Tote board: The display board that shows the current odds and betting totals calculated by the totalisator.
Noun
-
computer that registers bets and divides the total amount bet among those who won
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