totalizator
/'toutəlaizeitə/
Definition
Noun: 1. A computerized system for registering bets and calculating payouts: A totalizator is a device or system, typically used in horse racing or other gambling contexts, that records all bets placed on an event, calculates the total pool of money, and automatically determines the payout for winning bets after deducting a commission. The odds are not fixed but are determined by the proportion of money bet on each outcome.
Usage
The totalizator is the central system for pari-mutuel betting. * All bets at the racetrack are processed through the totalizator, which displays the changing odds on the big screen. * The totalizator malfunction caused a delay in announcing the official payouts.
Advanced Usage
- "Totalizator board": The display, often electronic, that shows the current odds, pool totals, and final results calculated by the totalizator system.
- He watched the numbers on the totalizator board fluctuate in the minutes before the race.
Variants and Related Words
- Totalizator system (n phrase): The complete setup of hardware and software for pari-mutuel betting.
- Totalizer (n): A less common variant with the same meaning as "totalizator."
- Pari-mutuel machine (n phrase): Another term for a totalizator, emphasizing the betting method.
Synonyms
- Tote (n, informal): A common short form for "totalizator," especially in British English.
- I placed a bet through the tote.
Related Terms (Not Synonyms)
- Bookmaker (n): A person or organization that accepts bets at fixed odds, operating independently of the pooled totalizator system.
- Pari-mutuel betting (n phrase): The betting system itself where all bets of a particular type are placed together in a pool, and the payout is calculated by the totalizator.
Noun
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computer that registers bets and divides the total amount bet among those who won
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