HORSE is also a cant name introduced into the management of lotteries, for the chance or benefit of a ticket or number for one or more days, upon condition, if it be drawn a prize within the time covenanted for, of returning to the seller an undrawn ticket.—To determine the value of a horse; multiply the amount of the prizes in the lottery by the time the horse is hired for; and from the product subtract the amount of the number of prizes by the value of an undrawn ticket into the time of the horse: the remainder being divided by the number of tickets into the whole time of drawing, the quotient is the value of the horse. See LOTTERY.