What does TOTALIZATOR mean?

Definitions for TOTALIZATOR
ˈtoʊt l əˌzeɪ tərto·tal·iza·tor

This dictionary definitions page includes all the possible meanings, example usage and translations of the word TOTALIZATOR.

Princeton's WordNet

  1. pari-mutuel machine, totalizer, totaliser, totalizator, totalisatornoun

    computer that registers bets and divides the total amount bet among those who won

Wiktionary

  1. totalizatornoun

    (US) a computer-like machine, at a racecourse, that registers bets and distributes the total amount bet among those who win

Wikipedia

  1. totalizator

    A tote board (or totalisator/totalizator) is a 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. His father, Churchill Julius, an Anglican Bishop, had campaigned, in the early years of the twentieth century, against the iniquities of gambling using totalisators and its damage to New Zealand society. That attitude had changed by late 1907 when he argued that the totalisator removed much of the evil of gambling with bookmakers. Bishop Churchill was himself an amateur mechanic with a reputation for fixing clocks and organs in parishes he visited. Initially, George Julius was attempting to develop a voting calculating machine for the Australian government, to automatically reduce the instances of voter fraud and create a cheat-free political environment. He went on to present his unique invention, only to have his design rejected as it was deemed to be excessive.The first all-mechanical machine was installed at Ellerslie Racecourse in New Zealand in 1913 (first used on the Holy Saturday races on 22 March 1913), and the second was installed at Gloucester Park Racetrack in Western Australia in 1917. George Julius founded Automatic Totalisators Limited (ATL) in 1917, which supplied the "Premier Totalisator: now including electrical components". The first totalisators installed in the United States were at Hialeah Park, Florida, in 1932 (by ATL), and at Arlington Park racecourse, Chicago, in 1933 by American Totalisator. The first entirely electronic totalisator was developed in 1966. Totalisators have been superseded by general purpose computers running specialised wagering software such as Autotote. In many cases beyond older systems, telethon tote boards have either been replaced by LCD displays showing totals, or scoreboards adapted to display dollar amounts.

ChatGPT

  1. totalizator

    A totalizator, also known as a tote board or pari-mutuel machine, is a system of betting on horse racing or other sporting events where all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets. The totalizator calculates and displays the constantly changing odds and potential payouts in real-time.

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Numerology

  1. Chaldean Numerology

    The numerical value of TOTALIZATOR in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of TOTALIZATOR in Pythagorean Numerology is: 4

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"TOTALIZATOR." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/TOTALIZATOR>.

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