Varied estimates have been formed of the amount annually expended in betting or horse-racing. At the Doncaster St. Leger Meeting, which lasts four days, there will probably be thirty races run, from four to fifteen horses competing in each. To accommodate the persons who bet on these races there will be on the ground not less, all told, than five hundred bookmakers, and assuming that only £20 are drawn by each of them over every race, that would represent a total amount of £300,000 risked on the thirty races run during the four days. An exponent of racing finance said some years ago, in an article contributed to _The Edinburgh Review_: "Taking it for granted that £1,500 only is risked by bettors on each of the small races run during the season, and that there are say 2,600 such contests, the total will amount to nearly four millions sterling! To that sum must be added the money risked on the larger races. On the popular betting handicaps, such as that run at Lincoln, the City and Suburban, the Royal Hunt Cup, the Northumberland Plate, and several other important racing events, not forgetting the two great Newmarket handicaps of October, quite a million sterling will be represented." To affirm that a sum of from four to five million pounds is annually risked in bets on horse-races looks like wishing to play on the credulity of the public, but good reasons exist for believing that the amount named is about right, and under rather than over the real total, could it be ascertained. It is still possible to back a horse running in a big handicap to win from twenty to fifty thousand pounds. Roseberry, the property of Mr. James Smith, won both the Cesarewitch and Cambridgeshire in the same year; Mr. Smith taking, it was stated at the time, a sum of over a hundred thousand pounds out of the ring by the victory of his horse. The event was remarkable as being the first occasion on which these two races were won by the same animal. The public benefited largely by the victory of Roseberry; it would be no exaggeration perhaps to say that two hundred thousand pounds would fall to be paid in all, but the bookmakers had of course the sums betted against all the other horses that ran to pay with. There were twenty-nine running in that year's Cesarewitch, all of which were backed at some price or other, the favourite, Woodlands, which started at the odds of 4½ to 1 against its chance, being heavily supported.