butter and eggs n. an illegal lottery in which winning numbers are calculated from closing prices in butter and egg market trading. Editorial Note: Also known as the bug, numbers, and policy. (source: Double-Tongued Dictionary)
butter and egg racket n.— «He followed it by a six-city survey quoting records, officials and personal observations of the butter and egg racket. The game is a lottery played by low-income groups.…Bets are made on the butter and egg...