Alay Makcheesas was the name given to the earliest matches of Huttball, before rules were codified. "Alay Makcheesas" was Huttese for "late payoffs," reflecting the fact that these violent matches were originally created as a means to get debtors to repay their loans.[1]
Sources
Sports in the Star Wars Galaxy Part 2: Take Me Out to the Ball Game on StarWars.com (original link is obsolete)