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HOW AN ENGLISH CERTAINTY FAILED FAILEDA A few years ago there was a horse called Black Arrow running in a race at Goodwood He had only two competitors to beat The kings jockey rode him and such a positive ccrlalnly did the race appear to be for him that backers had to bet odds of 100 to 7 on his winning that is to say they had lo risk 100 lo win 7 Scores of little punt ¬ ers bet the bookies 500 to 35 that he won wonThe The horses cantered to the starting post the tapes went up and to the undisguised horror of the plung ¬ ers the badtempered Black Arrow itiirtantly whipped around and never ran a yard in the race The plungers of course lost their money some of them many thousands of pounds and lots of little backers were ruined through their asinine folly of gambling heavily on a presumed certainty
