Volume of Betting Much Exaggerated, Daily Racing Form, 1908-01-30


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; i i i • . . I 1 . VOLUME OF BETTING MUCH EXAGGERATED. Local turf speculators had a good laugh over the statement that 00,000,000 was wagered on the New York tracks. last year. "There is not so much money in the world." was Ihe way several wise men referred to the yarn. "This would mean that more than Sl.00O.00o was bet every day." said one man "With .500 layers in line in both rings, each would have been compelled to handle S3.000. Anybody who knows anything about raciug will tell you that a majority of the layers were lucky to take in 8022 eajck on the day. Tin- average wager received by them was not more than *•",. Fifty per cent, of the men who held slates were forced to quit because they could not pay expenses. The aaaaj who wagered $." 00 or more on a single race could be counted on ones fingers. Big bettors like Gates, Lewisohn ami Dave Johnson, were all cut down he- fore the seas., ii wa~ at an end." The foregoing from the New York Sun states the case correctly. Reckless reporters put men down freipiently as having bet or won sums impossible to bet or win. while not knowing whether the nun in qnestkm have |„.t anything. And when summer l.oing is in full blast, there is no greater perverter of the triilh about betting than the excellent New iork Sun.

Persistent Link: https://drf.uky.edu/catalog/1900s/drf1908013001/drf1908013001_1_9
Local Identifier: drf1908013001_1_9
Library of Congress Record: https://lccn.loc.gov/unk82075800