A sweepstake is a betting game especially popular with horse races, in which all the stakes (or bets) are divided among the winners.
Unlike regular betting where people bet on the horse they think most likely to win based on odds and predictions, sweepstakes are usually left down to chance, with participants drawing runners out of a hat.
A sweepstake is a great way to involve horse racing novices, as there’s no need to be an expert to take part. Sweepstakes are perfect for the Grand National, which attracts viewers who don’t otherwise follow horse racing.
People sometimes pay a small amount of money to draw a runner from the sweepstake, with the total kitty split between the winners - but it’s equally fun to play without any prize money.
A Grand National sweepstake makes the horse race even more exciting, because everyone is invested in their chosen runners and wants to see them win!