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"small bag," mid-14c., from Old French sachel, from Late Latin saccellum "money bag, purse," diminutive of Latin sacculus, diminutive of saccus "bag" (see sack (n.1)).
To prearrange the outcome of a fight, race, etc; fix, rig: It was satcheled against him
[1940s+; verb sense fr in the bag]