Growing Interest In The Mutuels., Daily Racing Form, 1912-07-09

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GROWING INTEREST IN THE MUTUELS Talking Daily Hacing Forms recent article on rec ¬ ord breaking odds in the parimntiiels for a text the Chicago InterOcean makes the following edi ¬ torial comment commentThere There is much public interest in the working of the mnlnel system of wagering at race tracks for llic reason that if the American turf is ever restored io good standing the nmtuel machines will replace Hie bookmaker The activities of the professional layer of odds are really at the bottom of the crn ade that has driven our leading turfmen and our Itest horses to foreign countries men like Belmont Dnrvea Whitney Wilson and Hildreth and their it allies to Canada England and France FranceThe The mntnel system is simplicity itself Every ¬ thing wagered goes into three pools one to win one to run second and one to run third After the ra e those who bet on the winners divide the pools among them in proportion to the amount each wagered The machine does the figuring the clerks handle the money and the winning bettor presents his ticket and gets his cash minus the small per ¬ centage kept out for the expense of running the machine The race track management provides the machines and the clerks and guarantees the whole operation operationThus Thus the spectators bet against one another and vnnke their own prices without the interference of the professional The favorite of course will be lln horse on which most of the bettors buy tickets The longestpriced horse will be the one on which the least number buy tickets


Persistent Link: https://drf.uky.edu/catalog/1910s/drf1912070901/drf1912070901_1_4
Local Identifier: drf1912070901_1_4
Library of Congress Record: https://lccn.loc.gov/unk82075800