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
The magnitude of the sums betted against particular horses gives rise
to temptation. Certain bookmakers will lay from ten to twenty-five, or
even forty thousand pounds upon occasion, against each of half-a-dozen
horses entered to run in an important handicap, and if the one or two
of these animals which appear most likely to win the race can--if they
have been well backed--in some way be rendered unfit to run, so much
the better for those who have laid the odds. Under such circumstances,
a horse has sometimes been bought on behalf of a bookmaker and his
confederates, so that its losing the race may be made certain. Backers,
unaware of the sale, continue to "fancy" it, till the transaction
becomes profitable to the purchaser, who keeps the animal well to
the front in the market, and continues personally, and by the aid of
confederates, to bet heavily against its chance. Such transactions
often prove excellent bargains. For a bookmaker, or clique of
bookmakers, to purchase for a thousand or even sixteen hundred pounds
a horse, against the chance of which to win they may have betted as
many thousands, is good business; true, that particular animal might
not have proved the winner, but, being dangerous, his removal out of
the way if possible was deemed prudent. Some may say that the bookmaker
having laid against all or most of the other horses in the race, he
will have plenty of money to clear his liabilities, no matter which
animal may win; but bookmakers, being prudent men, like to make matters
as certain as possible. Men are known who have had a finger in such
pies; names cannot, however, be mentioned here, and there are persons
engaged in laying the odds who would not individually do a very dirty
action, but even the most respectable bookmakers make no bones about
laying a "stiff one."
II.
Public-domain text, read in full here on John Shaqi.
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