Sweepstakes

Category: 
Sports Betting Terms

Sweepstakes are commonly offered as a promotion to attract customers to their interests by enticing them to an award of some description. There are no skill requirements as it is simply a game of chance. There are no limits on the size of stake, or number of stakes, or the value of the stake (Stakes).  Sweepstakes are limitless in the number of contestants that take part, or the number of winners of the stake (Stakes). Horse racing tracks are also synonymous with sweepstakes offering the stakeholders a game of chance in which the winners divide the stake. 
 

Short Definition: 

A game associated most commonly with horse racing, or promotional advertising. The stake is divided among the winning stakeholders and relies on chance odds, not skill.
 

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