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ONLY BACKS THE WINNING HORSES. New Method of Betting on the Races Becoming Popular in England. A new system of backing tlie races lias been inaugurated n some of the London clubs, which, in default of a" better name, is known as the "Option Accumulator." In -this country it would probably be called an option parlay, and is, all in all, a novel Idea, as the bettor backs every winner at the post price. The modus operandi is as follows: In the starting p,riee ollices which go into this option business the bettor purchases for .fl2ri a penny accumulator on all the winners of a meeting. If the parlay thus started does not total ?125 on all the races run during the meeting the bettor loses the difference. fn the other band,, be is entitled to all over the ?12." which may accumulate on the parlay. The success or failure of the player depends entirely on the prices quoted against the winners. In the case of a succession o short-priced favorites winning the original bet of a penny would hardly parlay into an amount equal to the option. On the other hand, with a few horses at good prices winnnig the parlay would soon exceed the price of the option even from such a small beginning as one penny. It is on record that a certain young nobleman won something over ,000 at a recent three-day meeting on lib; "accumulative option." At the recent Gat-wick ineeting of two days the net profit to the bettor would have been in excess of ,500. One of the features of this, system of belting is that one does not liave to follow a favorite tipster or exercise any ingenuity whatever in finding winners. He simply sits by and watches the prices, for lie is in the proud position of being on every winner of the meeting at the starting price. This manner of betting is made to include entire meetings, from the fact that few of the meetings exceed three days in duration, while a majority are for two days only and frequently only for one day.
