E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
Shot.
Hand out your shot or Down with your shotyour reckoning or quota, your money. (Saxon, sceat; Dutch, schot.) (See SCOT AND LOT.)
1
As the fund of our pleasure, let us each pay his shot.
Ben Jonson.
He shot wide of the mark. He was altogether in error. The allusion is to shooting at the mark or bulls-eye in archery, but will now apply to our modern rifle practice.