(póngalo [póngalo] < imperative of the Spanish poner < Latin ponere 'to place,' plus the masculine direct object pronoun)
   Hendrickson glosses this as "an old term for pay money." He indicates that it comes from the Spanish póngalo, the imperative form of poner, 'to put or place.' The DRAE gives several definitions for poner, among them to bet money, especially in a card game.

Cowboy Talk. A Dictionary of Spanish Terms. . 2013.

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