auction pool

noun

Definition of auction pool

: a betting pool in which selections (as of starters in a horse race) are sold at auction, the auctioneer usually retaining a percentage of the pool

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“Auction pool.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/auction%20pool. Accessed 13 Jul. 2020.

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