Sweepstakes

Definition and stakes

William Hazlitt,  The Collected Works of William Hazlitt…

“ In addition to matches, plates, and other modes of adventure, that of a sweepstakes had come into vogue: and the opportunity it gave to deep calculators to secure themselves from loss by hedging their bets, greatly multiplied the bettors, and gave uncommon animation to the sweepstakes mode. In one of these, Captain Vernon had entered a colt or filly; and as the prize to be obtained was great, the whole stable was on the alert. It was prophesied that the race would be a severe one; for, though the horses had none of them run before, they were all of the highest breed ”
Source: Gutenberg

Various,  Prairie Farmer, Vol. 56: No. 4…

“ There is one plain, just and proper remedy for this, to wit: Restrict the award of sweepstakes prizes in the several breed rings to such animals as have taken first premiums in the rings for ages, and restrict competition for grand sweepstakes to such animals as have taken sweepstake prizes in the breed rings as have not otherwise competed at all. The awards of all special prizes should follow the decisions in the regular rings when not offered for animals not included in the regular rings. ”
Source: Gutenberg

Henry Strother Cautley,  The law relating to betting, time-bargains and gaming (1892)

“ It was further argued that this transaction was a sweepstakes, and not a lottery. “The difference” (argued Serjeant Byles) “between a lottery and a sweepstakes is this: in a lottery, the party getting it up receives from the purchasers of tickets more than the value of the prizes; whereas in a sweepstakes all the money obtained from the subscribers is paid over to the winners; the party to whom the subscriptions are paid is a mere stakeholder.”
Argument that lotteries for legal horse-race not illegal.
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Source: Gutenberg

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