This is the automated pari-mutuel machine which records bets as soon as tickets are dispensed at betting windows.
a machine, which sells and records wagering tickets and shows odds. Also figures out and displays payoffs.
A system used to total and calculate bets and dividends
The automated system of betting on races that dispenses and records betting tickets, calculates and displays odds and payoffs, and provides a mechanism for cashing winning tickets, in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc. Synonyms include Tote and Pari-mutuel.
a form of betting in which those who bet on the winners, placed horses or winning combinations in exotic pools, divide the bets less a percentage for Government taxes and management.
An intricate piece of electronic equipment which records each wager in each betting pool as the pari-mutuel ticket is sold by a manually operated vending machine. This equipment calculates the odds on each horse, according to the amount wagered at given intervals.
Machine that sells and records betting tickets and shows odds. Also figures out and displays payoff figures.
A totalisator or totalizator (tote board in common parlance) is the name for the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets.