A Mirror of the Turf; Or, The Machinery of Horse-Racing Revealed, Showing the Sport of Kings as It Is To-DayBertram, James Glass
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A Mirror of the Turf; Or, The Machinery of Horse-Racing Revealed, Showing the Sport of Kings as It Is To-Day
Bertram, James Glass
Horse racing -- Great Britain
In persistently following Barrett, Watts, Woodburn, Canon, or Loates,
or any other jockey, the plan of putting down a given sum on each
mount, win or lose, may be adopted, or a particular jockey may be
followed in sequences of six or seven trials, or even a lesser number
at pleasure, the stake being doubled on each occasion of a loss, till
the end of the sequence, and in cases--no uncommon occurrence--of
a sequence running out before a win has been secured, beginning
again. There are many, some even well versed in turf affairs, who
probably think it almost impossible that Loates, Canon, or Barrett
or some equally clever horseman, could be unsuccessful for seven
consecutive turns; but should the jockey selected prove unsuccessful
even four times running, and then at the fifth trial score a win, the
very meagre price usually offered against a popular rider proving
victorious--indeed, the horse entrusted to him very often starts with
odds betted _on_ it--renders the winning account, on most occasions,
anything but profitable. It is not sometimes a very easy matter to
invest a large sum on a comparatively small race, and in connection
with the mounts of the more popular jockeys the investment of £320
would not often cover previous losses; it might happen on occasion that
£100 would require to be risked to win £30, so that in the event cited
a loss of over £224 would be sustained on the run of six non-successful
mounts in the sequence, and it is needless to say that a series of such
misfortunes would speedily exhaust a pretty well-filled bank.
To the uninitiated in turf mysteries, for whom this book is more
immediately intended, it may be necessary to explain that a "sequence"
may be arranged to extend over any number of mounts from two to twelve,
or even a greater number if that were practical, which it is not,
because in such case the sum to be invested could not be "got on,"
it would have become so large. The sum fixed upon as a stake may be
for any reasonable amount from £1 to £20, only it is not desirable
to fix it at a very large amount for the reason just given--it would
swell to an unmanageable size. Taking £5 as a representative sum, it
will be seen that before the seventh trial, should the six previous
efforts have failed, a smart sum of money will have been expended--the
following amounts, in fact: £5, £10, £20, £40, £80, £160, or a total of
£315. The next stake invested, in the event of none of the six having
proved fruitful, would amount to £630, and if that also should be lost,
it would, of course, swell the total. On the other hand, £630 invested
on a race at 2 to 1, would yield a return of £1,260, and thus, after
deducting the money lost, yield a capital profit.
Public-domain text, read in full here on John Shaqi.
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