totalizator Definition
a system of betting on horse races in which the aggregate stake, less an administration charge and tax, is divided among the winners in proportion to the sums they have wagered.
Using totalizator: Examples
Take a moment to familiarize yourself with how "totalizator" can be used in various situations through the following examples!
Example
The totalizator is a popular form of betting at horse racing tracks.
Example
The totalizator machine calculates the odds and payouts for each race.
Example
The totalizator system ensures that the payout is fair and proportional to the amount bet.
Summary: totalizator in Brief
The term 'totalizator' [toh-tl-ey-tawr, -ter] refers to a system of betting on horse races where the aggregate stake, less an administration charge and tax, is divided among the winners in proportion to the sums they have wagered. The totalizator machine calculates the odds and payouts for each race, ensuring that the payout is fair and proportional to the amount bet.
