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A JUDICIAL VIEW OF BETTING. Mr. Plowden. one of the oldest and most experienced of London magistrates, said to a young man who pleaded that his purpose in stealing 50 was to hot it on a race: "I am not one of those who believe that all betting transaetions without distinction must of necessity be immoral. On tie- contrary I believe that a great many bets are made in circumstances that are perfectly moral and that add considerably to the happiness of those who make them. But they must be conducted ill certain lines and within certain limits. The wrong is traceable to a comnieii delusion shared by the people of tie- country, who back horses not from sporting faith or hope that such one may win. but from settled eonviction that the horse must win. In other words, they bet on what they believe to bo certainties."