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Sweepstakes
Type of betting whereby each horse in a race is drawn out of a hat by a particular person (who pays a set amount of money for the privilege of buying a horse). The people which chose the winner and placegetters will receive a percentage of the total money pool.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Sports
- Category: Horse racing
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