Sweepstake

[Sarah]

competition usually done at work or with freinds that usually coinicdes with a major sporting event. everyone pays and then picks a participant of said sporting event out of a hat (entrants usually written on paper and screwed up)and the winner usually receivng a alloted sum of money.

[Little_Girl]

Sweepstake in Horse Racing. A race where all or most of the prize money comprises entry fees, subscriptions, forfeits from owners and any added money.

[Little_Girl]

A form of gambling, especially on horse races, in which all the stakes are divided among the winners.

[Justin Bieber]

a type of gambling , often on a horse race, in which people pay a small amount of money and choose a particular horse, team, etc. The person who chooses the winning horse, team, etc. receives all the money paid by everyone else.