England -- Social life and customs; Gambling -- Great Britain
In _Bentley’s Magazine_ for 1846 we get a good account of the working
of the betting rooms at Doncaster. The subscription was a guinea, and
the number of subscribers was from 1000 to 1200. “The rent paid by the
proprietary for the premises is said to be £500 per an.; but this is
reduced in its amount by the circumstance of the rooms being let off
for trading, or warehouse purposes, during ten months of the year; and
taking this reduction at the reasonable sum of £150, it would leave
£350 as the rent from the estimated subscriptions of £1050, which would
give a clear surplus of £700 per an., which alone would be a large
return of profit. But other sources of income and annual return are
open to the proprietary, by the sale of wine, spirits, soda water, and
divers refreshments, which are in almost constant demand in the great
room throughout each evening, and partially so in the day. The prices
at which these articles are sold are by no means so moderate as they
might be, even to secure a fair and liberal compensation for their
outlay, and must, on the most moderate calculation, yield £100 clear at
least in the week.
“But the _El Dorado_ or grand source of income and wealth to the
proprietors arises from the prolific revenue of the play or gaming
tables, of which there are usually six in constant nightly operation
during the racing week. The proprietors of the Subscription Betting
Rooms are not ostensibly connected in the co-partnership of the banks,
or in the business of the tables, but they are nevertheless largely
interested in the successful issue of the week, as will be shown. In
the first instance it should be stated that the sum of £350 or £400 is
_paid down_ to them by the party contracting for the tables and for the
privilege of putting down the banks. This is all clear profit, paid in
advance and without any contingency; and in addition to this apparently
large sum, so paid for the mere privilege of finding capital, there is
a stipulation also on the part of the proprietors of the rooms that
they shall receive a considerable part or share of the whole clear
profits, or gains, of the week accruing from the tables, and this
without the risk of a single shilling by them under any unlooked-for
reverse of fortune.
* * * * *
Public-domain text, read in full here on John Shaqi.
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