totalizer
/'toutəlaizə/
Definition
Noun: 1. A calculator that performs simple arithmetic functions: A device or machine designed to add numbers together and calculate a sum. 2. A computer that registers bets and divides the total amount bet among those who won: Specifically, a system used in gambling (like pari-mutuel betting) that records all wagers on an event, calculates the total pool, and determines the payout for winners after deducting a commission.
Usage Examples
- The clerk used a mechanical totalizer to quickly sum the day's sales figures.
- Before electronic systems, racetracks used a totalizer to manage the betting pools.
- The accuracy of the totalizer is crucial for ensuring fair payouts to winning bettors.
Advanced Usage
- "Electronic totalizer": A modern, computerized version of the device, often used in industrial settings to count production units or in sports for real-time betting calculations.
- The factory installed an electronic totalizer on the assembly line to track output.
Variants and Related Words
- Totalizator (noun): A less common variant spelling with the same meaning, often used in British English.
- Tote (noun, informal): A common shortening of "totalizator," especially in the context of horse racing betting (e.g., "the tote board").
- Totalize (verb): To combine into a total; to sum up.
Synonyms
- Adder
- Summator
- Tote system (for the betting meaning)
- Pari-mutuel machine (for the betting meaning)
Related Phrases
- Totalizator agency board (TAB): An organization, common in Australia and New Zealand, that operates off-course betting via a totalizator system.
- Tote board: The large display at a racetrack that shows odds, bets, and payouts calculated by the totalizer.
Noun
-
a calculator that performs simple arithmetic functions
-
computer that registers bets and divides the total amount bet among those who won
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