Betting Methods In East: Jockey Club Officials Determined To See That The Law Is Respected.; New Orleans Plan of Individual Wagering, Modified to Meet Requirements of New York Statutes, Likely to Be Employed During Season., Daily Racing Form, 1915-03-09

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BETTING METHODS IN EAST EASTJOCKEY JOCKEY CLUB OFFICIALS DETERMINED TO SEE THAT THE LAW IS RESPECTED New Orleans Plan of Individual Wagering Modified Modifiedto to Meet Requirements of New York Statutes StatutesLikely Likely to Be Employed During Season New York March S Wagering ou the various New York race tracks this year will bo done only in th ways that are perfectly legal This was most emphatically declared by 010 or the Jockey Club otliehtls who said that while the organization woiiU take no cognizance of betting officially it would certainly see to it that no methods of backing the chances of the various thoroughbreds that had not stood the test of tli courts would be permitted at the tracks of the metropolitan circuit circuitThat That theiv will be no betting ou the races is of course an accepted thing There will always lie wagering ou the thoroughbreds as long as the sport endures but it can be conducted aong lawabiding lines as has been demonstrated in this state during the Jast two years and the oUicials of racin will see that Ibis condition continues to prevail There prevailThere will in all probability be a distinct change in the methods of betting this year in this state The envelope system in vogue last winter in Xew Orleans but considerably altered to meet the re qmreirents of this state will be the chief form of wagering according to the present outlook A sealed envelope containing the money of two per ¬ sons betting on a horse race and placed In the hands of a third party as stake holder is distinctly an in ¬ dividual form of wagering thai meets every re ¬ quirement of the law lawIll Ill addition it has th1 advantage of checking i tendency toward overbetting which is so common where the credit system of hotting is used Uoth the Individual bettor ami the man who accepts the wage must post their money prior to the running of tin race in the envelope and the stake holder is merely a disinterested but accommodating person who hands over the envelope at the conclusion of the lact to whichever innsou is entitled to the wager It wagerIt is difliciilt lo distinguish between the individual I bettor and the man who accepts the bet in this iu taiiiai as ltotU parlUwtoAilm nmshif inn are ontlur same pane paneThe The system as practiced at New Orleans recently however lees not come within the bounds of the New York state laws The envelope system ut Uie Crescent City track was founded ou all elaborate card Index Every envelope was given a serial num ¬ ber and had certain printed lines for the name of the horse the amounts wagered and a place for tlu ticket numbers of the paities to lie transaction At the conclusion of each race the winner of the wager envelopeSuch had to receipt for the envelope Such an elalioratc arrangement would not be tol ¬ erated in the eastern tracks and tie stale authori ¬ ties and tin Iinkerton agency will stamp out any attempts to inaugurate such a method of betting should it be undertaken it is said The Jock v Club olllclals have Ixeu showered with pras by far inindcd people fur their vigorous stand in living tip to he letter as well as the spirit of the antibutting liws since their passage It is this conscientious altitude on the part of the turfmen that has made racing possible In this state under present conditions and thereby greatly aided the horse breeding in ¬ dustry mntryThe throughout the mntry The courts of this state have decided that a man lupf nrlght to make u wager putting up the moncv and recording the fact on paper under the present laws Whether or not this is done ou a plain piece of paper or a plain enveope could not make the Mghtcst difference legally and the muddied en ve ope system would certainly come within the limits if Hie laws it is held heldOf Of course there will be other methods of wager ¬ ing in vogue this season but one may rest assured that they ail will be within the conliues of the statutes The Jockey Club win nor tolerate jeop anlzing the spurt by permitting illegal wagering and to all intents and purposes the dav of the bookmaker is past


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Library of Congress Record: https://lccn.loc.gov/unk82075800