Totalizer (Noun)
Meaning 1
Computer that registers bets and divides the total amount bet among those who won.
Classification
Nouns denoting man-made objects.
Examples
- The totalizer machine at the horse racing track displayed the updated odds and payouts after each bet was placed.
- A totalizer is used at many sportsbooks to keep track of wagers and calculate the amount of money that will be paid out to winners.
- The online betting site uses a complex totalizer system to ensure that all bets are accurately recorded and paid out in a timely manner.
- The totalizer display at the casino showed a new pool amount after a big bet was placed by a high roller just before the event started.
- The totalizer system automatically calculated the payout ratio based on the total amount of bets placed on each outcome.
Synonyms
Hypernyms
Meaning 2
A calculator that performs simple arithmetic functions.
Classification
Nouns denoting man-made objects.