1. a machine that automatically records bets and calculates odds and payoffs at a racetrack
Usage: also called tote board
2. a device that adds up or totals amounts automatically
Usage: technical

Examples

• The totalizator displayed the current odds for each horse in the race.
• Bettors watched the totalizator board anxiously as post time approached.
• The racetrack installed a new electronic totalizator system.
• The totalizator calculated the final payouts after the race ended.
• Modern totalizators can process thousands of bets per minute.
• The mechanical totalizator was replaced by a computerized version.