be a racket
1. To be great deal of noise or a loud commotion. There's an awful racket outside the house. What's all that racket, kids? A: "Well, that was quite a racket!" B: "Yeah, looks like raccoons got into our trashcans."
2. To be fraudulent, dishonest, or illegal as a means of generating profit. Any scheme that promises to help you get rich quick is nothing but a racket. Extortion is just one of the mob's many rackets that it runs. Don't give Rich any money—if he comes to you with some ingenious idea, know that it's just a racket.
3. slang To provide an easy and profitable living, as of a business or occupation. This freelance work can be a pretty good racket if you have the right connections. Did you see the big house he has? I had no idea being an inventor was such a racket! Everyone thinks that running a tech start-up is a racket, without seeing all the late nights and hard work that goes into it.
juice racket
An illegal money-lending operation in which exorbitantly high interest is charged on the amount lent; an act or instance of criminal usury. The notorious gangster was finally brought down for running a years-long juice racket. New legislation is being introduced to clamp down on juice rackets that have been bleeding innocent people dry.
numbers racket
An illegal lottery in which one bets on certain numbers appearing in a newspaper or other publication, usually one related to racing. Primarily heard in US. Why do you think Grandpa was so poor? Because any time he had any money, he'd lose it playing the numbers racket!
play the numbers racket
To participate in an illegal lottery in which one bets on the appearance of certain numbers in a newspaper or other publication, usually related to racing. Primarily heard in US. Why do you think Grandpa was so poor? Because any time he had any money, he'd lose it playing the numbers racket!
racket
1. A great deal of noise or a loud commotion. What's all that racket, kids? There's an awful racket outside the house.
2. A fraudulent scam or money-making operation. He's always cooking up some racket or another to get rich quick. The mob uses legitimate businesses to conceal the rackets it runs to earn its real profits.
3. slang Any business or occupation, especially one that provides an easy and profitable living. I've got a pretty good racket going between writing my novel and doing freelance work in the evening.
Farlex Dictionary of Idioms. © 2024 Farlex, Inc, all rights reserved.