auction pool

auction pool
A system of placing wagers on horse races which for a time was successfully operated as an evasion of gaming laws. James v State, 63 Md 242, 248.

Ballentine's law dictionary. . 1998.

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  • Cal|cut|ta — «kal KUHT uh», noun. a sweepstakes by auction pool in which participants bid to win on players in a match or horses in a race that are auctioned off. ╂[probably < Calcutta, India] …   Useful english dictionary

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