The totalizer is a procedure for the determination of the profit heights with bets on horse running, the Toto, the Lotto and

At the totalizer bets the participants among themselves and not against a bookmaker like it with sport bets to firm ratios the case is. This kind of was invented in the year 1865 in France von Pierre Oller, Paris chemists and Parfum dealers, and under the name pari mutuel (dt. as much as "„among themselves bets "“) admits, in the English linguistic area is called this bet therefore also parimutuel betting. This system was taken over soon for the official enterprise at all important running places of the world.

Thus a small wood little house is considered with "„the large Hamburg Handicap "“1870 as the first totalizer in Germany, in which the enterprise was completed for this running day. Thus the organizers used a chance their incomes to increase, since the running days up to "„the Derby got north Germans "“1869 ever more people fixed character.

Totalizer bets can be locked today not only at the running place (on TRACK betting), but also in the entrepreneur of the acts then however not as a bookmaker (it opponents is not there), but as Totalisateur [sic], as bare mediators of bets.

In the simplest case of the bet on victory the ratio for a certain horse is calculated as quotient by the sum of all employments less taxes, etc. divided by the sum of the employments on the set horse.

Since up to the start of running bets are accepted, the ratio is at the time of conclusion of the bet not yet well-known, it can therefore in each case the Eventualquoten in such a way specified, i.e provisional ratios, be indicated.

This characteristic is characteristic for all bets at the totalizer; to the difference: with a bookmaker bet the ratio is certain at the time of conclusion of the bet.

The Australian George Julius of "„Julius Poole & Gibson Pty Ltd. "“invented the first mechanical totalizer, which was used for the first time in the year 1913 on the racecourse in Ellerslie (New Zealand). First totalizer in the USA went into Chicago 1933 on the Arlington park course into enterprise.

Julius, which was ennobled later, created "„the AUTOMATIC of totalizer Ltd. "“, briefly ATL, in the year 1917 and built now electromechanical totalizer automats. The first complete electronic totalizer was developed 1966. Beginning of the 1970er years used almost each larger course a ATL totalizer.

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