Prizes are provided for the thirty-two dogs which are beaten in the first round of the Cup; these are the Purse and Plate, on which (locally) a vast amount of betting also takes place. No calculation of the amount of money which changes hands or is betted on the great Altcar contest has ever been made. It has, however, been more than once publicly stated that a Waterloo dog can be, and has been, backed to win a sum of £40,000 for behoof of its owner and his friends and followers, while it is often enough the case that dogs hailing from some populous locality, dogs which have a name, are entrusted with the sovereigns of four or five thousand persons. It would be no exaggeration to say, generally, of the Waterloo Cup that probably a dozen out of the sixty-four dogs nominated will be backed on the average to win (at the long odds) £25,000 each, whilst ten may be entrusted with the odds to win some £10,000, making for these dogs a sum of £400,000, which has been laid at various rates of odds, and it may be taken that the other forty-two dogs will be backed before the contest is over to win £100,000. Only one dog, of course, can win, so that as a rule bookmakers should be largely in pocket, especially when most of the favourites are beaten in the first round--no improbable event; other animals then come into prominence and are heavily backed. A provincial bookmaker, who never betted to more than pound stakes, told the writer that on the first two days of Snowflight's year (1882) he gained a clear profit of £279, and being quite pleased, stopped business and contented himself the last day with looking on at the gambling of others, and so making his visit to Altcar a profitable and pleasant holiday. Two thousand people, it is averred, will each bet, on the average, £1 over every course which is run at Altcar, which, on the Cup alone, would represent in stakes alone a sum of over £125,000. These figures--they are but rough calculations at their best--may be taken for what they are worth, as affording an index of the gambling which is incidental to the modern "Battle of Waterloo."