Totalisator: meaning, definitions and examples
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totalisator
[ təʊˈtælɪsəˌteɪə ]
gambling system
A totalisator is a system used to calculate and record wagers placed on various events, especially in the context of horse racing. It operates by pooling the money wagered by all bettors and distributing the winnings based on the odds calculated from the total amount wagered. Unlike traditional betting, where odds are fixed, the totalisator updates odds dynamically based on incoming bets. This system allows for a more fluid betting experience, encouraging more bets as participants can see the current payouts. It is commonly found in racetracks and is integral to many betting operations worldwide.
Synonyms
betting pool, pari-mutuel system, wagering system.
Examples of usage
- The totalisator indicated a significant increase in bets for the afternoon race.
- She placed her wager at the totalisator before heading to the grandstand.
- The new totalisator software improved the speed of processing bets.
- Betting on the totalisator can yield higher returns depending on the number of participants.
Translations
Translations of the word "totalisator" in other languages:
🇵🇹 totalizador
🇮🇳 टोटलिज़ेटर
🇩🇪 Totalisator
🇮🇩 totalisator
🇺🇦 тоталізатор
🇵🇱 totalizator
🇯🇵 トータリゼーター
🇫🇷 totalisateur
🇪🇸 totalizador
🇹🇷 totalizatör
🇰🇷 토탈리제이터
🇸🇦 توتاليزاتور
🇨🇿 totalizátor
🇸🇰 totalizátor
🇨🇳 总计器
🇸🇮 totalizator
🇮🇸 totalisator
🇰🇿 тотализатор
🇬🇪 ტოტალიზატორი
🇦🇿 totalizator
🇲🇽 totalizador
Etymology
The term 'totalisator' has its roots in the Latin word 'totalis', which pertains to 'the whole' or 'entire'. The concept emerged in the late 19th century and became prominent in the context of gambling, particularly horse racing. Initially introduced in France, the first functional totalisator was developed by a French engineer named Pierre Oller in 1867. The system was designed to enhance the betting process by pooling wagers and allowing for variable odds, which could shift as more bets were placed. This revolutionary approach to betting quickly spread to various countries, where it was adopted in racetracks and betting establishments. Today, totalisator systems are widely used in numerous sports betting scenarios, ensuring that they remain a fundamental aspect of gambling culture in many parts of the world.