view raw text
RULES GOVERNING BETTING IN ENGLAND Something Similar Contemplated for New York if Found To Be Practicable Talk of adopting the English system of credit betting on the New York tracks while not taken seriously has caused some leading turfmen to look into the speculative methods in vogue on the British race courses As a matter of fact while a greater part of the speculation in England on horse races is on credit with a weekly settlement by player and layer there is much cash betting on the tracks by the poorer element which cannot very well es ¬ tablish the necessary credit creditThe The present code was rearranged by the commit ¬ tee of the subscription rooms at Tattcrsalls in 1SSG and is as follows 1 The committee of Tattersalls and the com ¬ mittee of the Newmarket Kooms have authority to settle all questions relating to bets to adjudicate in ill cases of default and at their discretion to reiiort defaulters and persons guilty of any mal ¬ practice to the Jockey Club In the following rules the words the committee refer to either of these bodies 2 In all bets there must be a possibility to win when the bet is made you cannot win when you cannot lose No betting first past the post will be recognized by either of the committees committeest t All bets are play or pay with the follow ¬ ing exceptions 1 When the nominator dies lie fore the decision of the race 2 When the race is postponed to a future week or the conditions are altered after the bets are made J Bets on matches 4 Bets made after the running numbers are telegraphed about a horse that is not subse ¬ quently under the starters orders 4 If no objection is lodged within a quarter of an hour after the winner has weighed in bets except in cases which in the opinion of the com mittee are cases of fraud go to the horse placed first by the judge If an objection is lodged within the said time and in cases which In the opinion of the committee are cases of fraud bets go with the stakes 5 Bets made on one horse against another or that one horse beats another are determined if either of them should win unless agreed by the parties It is not indispensable that both horses should start Betamade between horses 14 2 are determined by the places assigned by the judge ¬ it is not necessary to say the best of 1 2 3 3Ci Ci If odds are laid in running or Immediately after the horses pass the post and a dead heat is the result and in double events if either is decided in the hackers favor and the other results in a dead heat the money betted must he put to ¬ gether and equally divided As according to racing custom matches which result In a dead heat are void bets are void also 7 If a bet is made on one of the horses that runs n dead heat against a beaten horse and the owners agree to divide he who backed the horse that ran the dead heat wins half his bet If odds are laid on one horse against another 1 2 0 and they run a dead heat for either place the money betted dividedS must be put together and equally divided S The person who lays the odds has a right to choose a horse or the field when a person has chosen a horse the field is what starts against him If the odds are laid without mentioning the horse before the race is over the bet must be determined by the state of the odds at the time of making it Bets made after a race that the winner will be disqualified stand even If no objection lie made 10 Any bet made from signal or indication when the nice has been determined shall be considered fraudulent and void 11 All bets on matches and private sweepstakes depending upon any two horses shall he void if those horses subsequently become the property of the same person or of his avowed confederate 12 Double event bets are determined when the first event is lost 13 Bets made on horses winning any number of races within the year shall be understood to mean between January 1 and December 31 14 Money given to have a bet laid shall not be returned though the race be not run 15 In the event of a race being ordered to be run over again starting price bets shall be regulated by the price current at the time the race was first run Bets in favor of any horse which started on the first but did not go to the post on the second occasion are lost 10 Confirmed bets cannot be declared off excopt by mutual consent but on any allegation of fraud or corrupt practice the committee will Investigate the case and may declare the bet void Either of the bettors may demand stakes to be made on proving to the satisfaction of the committee that he has just cause for doing so If ordered the bets must be covered or sufficient security offered and a person refusing to cover Phall bo expelled from the subscription room at Newmarket or Tat ¬ tersalls 17 The committee will not necessarily enforce the settlement of a compromised account Before giving a d ision they may require the books of the debtor and a statement of his accounts to be sub ¬ mitted to them but they have authority in all such cases to order the account to be settled if they think a reasonable offer is made 18 If a debtor does not satisfy the claims of his creditcrs within twelve mouths he shall not be en ¬ titled to receive apy debts which may be due to him but if he does so within the prescribed time one year i e 305 days inclusive of the day when the money was won the committee will sup ¬ port his just claims to receive payment from his debtor 19 If any extraordinary occasion should arise or in case of notorious and palpable fraud any of the before mentioned rules may be suspended by the committee 20 The stewards of races have no authority ex ofliclo to take cognizance of any disputes or claims with respect to bets
