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Totalisator

noun

Definitions

Noun
  1. 1
    the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. UK

    "For example, I may in some places effect marriage by cohabiting, or I may bet with a totalisator machine by putting a coin in the slot."

  2. 2
    computer that registers bets and divides the total amount bet among those who won wordnet

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