An important innovation in pari-mutuel betting came in the 1920s with the development of the totalizator, a mechanical device for issuing and recording betting tickets. |
Scoreboard PB-5 for the visualization of the votes from 1 to 5 and the totalizator. |
The pari-mutuel was perfected with the introduction in the 20th century of the totalizator, a machine that mechanically records bets and can provide an almost instant reflection of betting in all pools. |
The stewards declare the race official, and then payoffs are flashed on the totalizator. |
Instant Racing is wagering processed through a standard totalizator. |