Some Wisdom Out Of Experience., Daily Racing Form, 1909-05-19

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SOME WISDOM OUT OF EXPERIENCE. After a little experience the New York Tribune which h-ld up both hands for Governor Hughes anti betting legislation, is not nearly so enamored of the result it helped to bring about. It was urged against the Hart-Agnew law that it was not a practical measure, and that Um result of its operation would not be any improvement ou the previous condition of affairs. The Tribune regretfully concedes that: "Formerly, with the posting of odds, competition enabled the public to obtain the liest possible terms. But now. with secret betting, a liookmakcr can give such short odds as to insure large profits for him self. With the chances of losses through credit bettiug. the cost of an army of peripatetic assist ants to lie used aud the protection of competition removed, the percentage against the public will prob ably be long."


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