Definice a Význam "tote"

What is the "tote"?

The tote, or totalizator, is a system used in betting, particularly in horse racing, where all bets placed on a particular event are collected together. Instead of fixed odds, the payouts are determined by the amount of money wagered and the number of winning bets. After the race, the total amount collected is divided among the winning bettors, with deductions for the house or track's commission. The tote system allows for flexible betting, as the odds can change as more bets are placed, making it different from traditional fixed-odds betting.