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English definition of “sweepstake”

sweepstake

noun [C]     /ˈswiːp.steɪk/ (informal sweep)
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.Gambling and bookmakingTaking risks
(Definition of sweepstake noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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