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totalizator

/ˈtəʊtəlaɪˌzeɪtə/
noun
1.
a system of betting on horse races in which the aggregate stake, less an administration charge and tax, is paid out to winners in proportion to their stake
2.
the machine that records bets in this system and works out odds, pays out winnings, etc
3.
an apparatus for registering totals, as of a particular function or measurement
US and Canadian term (for senses 1, 2) pari-mutuel

totalizer

/ˈtəʊtəˌlaɪzə/
noun
1.
a variant of totalizator
2.
(mainly US) an adding machine
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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