takeout
n.— «The OJC receives 9.5 cents per dollar wagered through the mutuels and turns back approximately 50 per cent of its takeout to the horsemen in purses.» —“Backstretch bookmaking at racetrack, OPP charge” by James Golla Globe and Mail (Toronto, Can.) Jan. 17, 1978. (source: Double-Tongued Dictionary)
Further reading
Asthenosphere, a geologist’s term for the molten layer beneath the earth’s crust, sparks a journey that stretches all the way from ancient Greece to the author of Uncle Tom’s Cabin. Plus: What the heck is a dogberg? It’s when...
The adjectives canine and feline refer to dogs and cats. But how does English address other groups of animals? Plus, cabin fever has been around much longer than the current pandemic. That restless, antsy, stir-crazy feeling goes back to the days...