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totalizator
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Definitions of totalizator in various dictionaries:
noun - computer that registers bets and divides the total amount bet among those who won
A machine for computing and showing totals, especially a pari-mutuel machine showing the total number and amounts of bets at a racetrack.
TOTALIZATOR - A tote board (or totalisator/totalizator) is a large numeric or alphanumeric display used to convey information, typically at a race track (to displa...
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Totalizator might refer to |
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A tote board (or totalisator/totalizator) is a large numeric or alphanumeric display used to convey information, typically at a race track (to display the odds or payoffs for each horse) or at a telethon (to display the total amount donated to the charitable organization sponsoring the event). * The term "tote board" comes from the colloquialism for "totalizator" (or "totalisator"), the name for the automated system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. Parimutuel systems had used totalisator boards since the 1860s and they were often housed in substantial buildings. However the manual systems often resulted in substantial delays in calculations of clients' payouts. * The first all-mechanical totalisator was invented by George Julius. Julius was a consulting engineer, based in Sydney. There is some irony that his father, the Anglican Bishop of Christchurch (New Zealand) had campaigned, in the early years of t |