Revenue Reaped from Bidding Up: Racing Associations Considerable Gains from Selling Races-Principal Instances, Daily Racing Form, 1907-12-17


view raw text

REVENUE REAPED FROM BIDDING UP. Racing Associations Considerable Gains from Selling Races Principal Instances. The purpose of a selling race is to sell the winner to a new owner as soon as the race is officially decided. But not in one selling race in ten is there any sale. It has come to be the fashion among owners to abstain from bidding and in effect the selling race is now an owners handicap, each man weighting his horse acordlng to his own fancy, expressed in the selling price he names in making his entry. When a winner is bid up it usually excites uncalled for resentment and leads to retaliatory bidding up. Fifty per cent, of the annual bidding up is from this revengeful heat. Some is for a legitimate desire to acquire possession of the winning horse, some from owners who want the half of the run-up money that falls to the second horse and the heaviest bidding up of all usually attends the winning of a race by a horse that all hands know has been entered far below his true value for betting purposes. While the bidding up is not what it should be, the real intent of selling races considered, it is still a source of considerable revenue to the various racing organizations. From the first of the year to the close of the Aqueduct meeting, there was a total of 27,950 in run-up money, of which one-half, or ,975 fell to the associations. In this minor source of revenue the California Jockey Club was the greatest beneficiary, gaining 1,150 from this source, its long drawn out meeting accounting for this feature. Brighton Beach with ,S50 was seeoud, Ascot Park with ,550 third and Graves-end with,425 fourth. The most considerable run-up was that of Gene Russell, when he was bid up ,800 above his entered selling price at Brighton Beach. Next to his case the greatest raises were: Tilekilns, ,000 at the Gravesend Second Spring Meeting; Keator ,000 at the Belmont First Spring Meeting; Phil Finch ,200 at the Latonia spring, meeting; Joe Nealon ,000 at Brighton Beach; Arimo J?2,000 at the Gravesend autumn meeting; El Cazador ,S00 at Ascot Park; Dead Gone ,400 at the Gravesend First Spring Meeting; Marathon ,S00 and Youthful ,200 at the Jamaica spring meeting; Earl G. ,000 and Golden West ,000 at the Sheepsliead .Bay Summer Meeting; Jacobite ,500, Lane Allen ,700 and Lady Anne ,500 at Brighton Beach. The one solitary run-up at Saratoga was Ocean Spray, ,200. Uigarlighter, 00. was the highest run-up at Oakland and at New Orleans it was Ivanhoe 00 at City Park and Granada 00 at the Fair Grounds. Of the 233 horses run up, seventy changed hands, leaving 103 that were bid in by their owners. Of the so-called halter men. U. Z. De Annan and W. Walker were the most active, each acquiring four horses by the bidding up route. Roy Ottutt, E. Wayland, W. Durker, C. C. McCafferty, P. M. Civill and Joe Marrone each bought two horses from selling races, these being all that run up and bought more than one, a statement that will surprise some people. The table below gives the number of run-ups, total for all meetings and the sum each association reaped within the time named and is in the nature of interesting information of a kind not often published: Run- Assns Tracks. Days, ups Total. Share. Ascot Park ..-... 77 34 5,100 $ 7,550 Oakland 149 52 22,300 11,150 City Park 47 10 5,050 2.S25 Fair Grouuds 41 20 0,550 ;:,27.r Oaklawn 4S S 2,200 1,100 Benning spring 10 .", 1,700 S50 Latonia spring 30 7 4.450 2.225 Latonia fall 30 G 2.S00 1,400 Toronto spring 13 1 S00 250 , Run. Assns Tracks. Days, ups Total. Share. Hamilton spring 11 l " 350 175 Gravesend First Spring 0 ?, 3,550 1 775 Gravesend Secd Spring 12 7 7 300 3050 Belmont First Spring. 9 1 2,000 1,000 Belmont Second Spring 9 1 1,700 S50 Churchill Downs.. 30 7 2,000 1 450 Jamaica spring 11 4 4,300 2,150 Lexington spring 7 1 500 250 Windsor summer .... 25 4 1 500 750 Buffalo 31 13 4400 2,200 hheepshead Bay spring 17 4 0,100 3.050 Brighton Mid-summer .. 22 12 15,000 7,500 Fort Erie summer 37 S 3,000 1800 Empire City IS O 4,500 2250 Aqueduct fall 12 1 400 200 Saratoga 22 1 1,200 000 Sheepshead Bay fall.. 13 1 SOO 400 Lexington fall 7 3 SOO 400 Gravesend fall 12 1 2,000 1,000 Brighton Beach fall . . G 2 2,700 1 350 Windsor fall 13 1 100 no Belmont fall 12 1 1,000 500 Totals 793 233 27,950 1907.sh3,175

Persistent Link:
Local Identifier: drf1907121701_6_1
Library of Congress Record: