A wager placed usually on sports in which there is absolutely no chance in hell of winning.

When a dozy shite places a bet he has no chance of winning. The result is the same dozy shite placing repeated bets with the same person over again in a double or nothing fashion just to lose again. doing this has coined the phrase "Mulligan" over the years, originating as "Mullen-again!!" and evolving into the more modern, and easier to pronounce "mulligan"

It is rumoured to have come from a compulsive gambler, and avid golfer from the south of Ireland named Mullen, as the mulligan is a common term in golf

A cultural and aesthetic mind-state that prioritizes making money, even as an “underground” or “radical” creator. The work isn’t made for money, but it’s the money that matters the most.