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LOUISVILLES NEW BETTING DEPARTURE How Results from Mutucls and Auctions Will Appear in Daily Racing Form and Method of Calculating Mutuels To racegoers of tho present i of betting that will ho in operation iit the coming Louisville meet ins is a novelty although wellknown and popular thirty years ago It Is except as to the auction pools the method of betting in France Australia anil Italy and the fairest ever devised to cnalilc tiny number of persons to wager over the re ¬ sult of an event of common interest Auction pool ¬ ing is purely American and the present prevailing betting system of the trotting turf When the first Kentucky Derby was won by Aristides in 1S75 all of the betting was in auction pools and mntncls exclusively so the coming experiment Is only a return to first principles principlesThe The least sum that can be bet in the mutiiels as they will be operated at Louisville is 5 The 74471 FIRST RACE 4 12 Furlongs Straight 72189 02 2 101 700 added olds Selling Net value to winner 710 MuTktsSoId Auctn I ml Horses AWtPPSt Vi StrFin Jockeys Str PI Sh Sales 743r 2MADRILENO W 103 9 1 1Wit 2J J1 1 Musgrve P T Chinn 100 100 100 200 2005i 73G07 INSTANT Wit 103 10 C Cwn 5i S1 21 G Burns S C Hildreth 40 40 40 80 74427 DISTRICT wn 103 1 8 8wii 71 6l 3l E Dugan A J Joyncr 20 20 20 25 253J 74300 CHIPMUNK wii 10G 12 IS ISw 3J 4l 4U G Swain R L Thomas 15 13 15 20 20S 741773OOUKT LADY w 103 G 7 7w S S3 5J D McCthy1 E Madden 30 30 30 40 74127EL ORO w 10G 4 5 5W 4 5 C1 Brussel R W Coble 10 10 10 20 20G 7W2 PATRIOT W 10G 24 24w G 71 7 Sumter J W May 90 IK 90 175 1751J 74570 APRON w 103 13 2 2wn 1J 2H ss Notter J R Keone 555 15 7439S WATIEUE wn IOC 5 9 9wji 9 9 9 = Garner C A Metzser 2 2 2 5 74329 LOW HEART wji 103 11 11 11W 101 10 10 = R McDanlH O Stable 414 5 73855 MARKHAM W 10S 3 12 12W106 13 12 11 King J H Warren 222 10 7431C J W KENT W106 S 10 10wlO 11 11 12 E Lynch J I Murphy 5 53 5 74127 NEWBURY wlO 7 13 12 13 13 Delaby A Bye 535 15 15Time Time 3 331 331 331 Madrileno paid straight 1525 place 7U 7Ushow i 331i show 510 Instant place 1405 show 700 Distract show sitro In practice the chart will show the actual number of tickets straight place and show sold on each horse and the resulting dividends to the backers of the placed horses and will also give an average of the auction pools The names and numbers here used are merely for illustration In actual practice if Markham had won the race his tickets would have paid 78010 straight and proportionally large dividends place and show Big dlvidends are not at all uncommon in mutiiel betting and the Louis ¬ ville racing will show many instances instancesDaily Daily Racing Form published nn exhaustive de ¬ scription of parlmntncls and their mathematics April 12 and to refresh the riicrnories of its readers reproduces here that part of the article which shows in detail how values are calculated calculatedLet Let it be prejumed that a race in which there are twelve horses is about to be run and that the following diagram represents the number of tickets sold against one horse Horse Tickets Sold 1 Hindoo 2S5 2 Checkmate 3 Parole 4 Thora 5 Luke Blackburn J Bancroft 7 Fcllowplay S Lelex Liatunah 10 Field three horses Total 1152 Let it be presumed that Parole won Fellowplay was second and Hindoo third This calculation however only concerns the first horse or winner Number of straight tickets sold in the race 1132 Multiply by 5 to obtain amount in dollars 5 Total amount in pool 5660 5660Deduct Deduct 5 per cent commission for expenses 283 Balance 5 577 577Divide Divide 5377 by 1GS which is the number of tick ¬ ets sold on Parole 168537733 501 Parole therefore pays 3200 for each straight ticket or nearly 5J for one In the same race presuming that the following bettor receives one ticket on lie horse of his choice for that sum If he desires to bet 100 he is handed twenty 7 tickets or one hundred tickets if he is a heavy speculator and bets 500 In the old days when much l etting was done at New York tracks in the mutuels 25 tickets were provided for the plungers But all money received goes into one aggregate sum and is divided on the basis of an equal dividend to each 5 ticket sold on tile winners During the progress of the Louisville meeting Daily Racing Forms charts of each race will pre ¬ sent the particulars they now do with sucli varia ¬ tion as will be necessary in order to show the speculative results How this will lu done is illustrated by this presentation of the style of chart which will be used for the meeting number of place tickets were sold the calculation would be 1 Hindoo 210 2 Checkmate 1JC 1JCo o Parole lia 4 Thora tn 5 102C Luke Blackburn 102 C Bancroft S 5sS 7 Fellowplay 5s S Lelex 45 45J J Liatnnah 22 10 Field is isTotal Total K Number of tickets sold 9 9Which Which at 5 each would make 4020 Deduct 4020Deduct five per cent commission 231 231Leaving Leaving a balance of 43S9 43S9Add Add together number of tickets sold on the thetwo two horses that ran 1 2 viz vizParole Parole 112 112Fellowplay Fellowplay r rS S 170 5 Reduce to dollars 850 850Deduct Deduct this sum from the 43S in pool 850 3539 3539Divide Divide this 353 in halves which makes l7i 50 each Divide 176 50 by 112 which is the num ¬ ber of tickets sold on Parole and also by 5S which is the number FellowplayParole sold on Fellowplay Fellowplay11217C9501570 Parole Fellowplay 11217C9501570 58 1709503050 112 174 To each of the above results 1570 and 3050 must be added the original investment money of 5 each which was deducted in the first instance so that Parole pays 2070 or about 3 to 1 and Fel ¬ lowplay 3550 for each place ticket ticketThe The calculation for the thirdplace tickets Is sim ¬ ilar to the foregoing the only difference being that in making it provision must be made for three sets of winning tickets in the pool instead of two as In tho place betting
