Betting Instinct Is Universal: Investments in the Unknown Part of the Greatness of Life and the World., Daily Racing Form, 1920-03-17

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BETTING INSTINCT IS UNIVERSAL Investments in the Unknoxvn Part of the Greatness of Life and the World Tlio right to bark ones opinion with money is a constitutional right extending linck to tin ilaxvn of governments writes E Hrossmau wellknown as Imps trainer in the old days in the Thorough ¬ bred Record People tliat wore willing to take a chance aiyl invest in tlie unknown have accomplished more for the benefit of civilization than have the ones that required a giltedged mortgage on a house u jiound of flesli or an eye as security before they would invest a dollar in any enterprise Queen Isabella if Spain was iiulnied with the spirit of chance when she pawned the crown jewels to enable Columbus to obtain his equipment and dis ¬ cover a new world The Wright brothers wer vigorously assailed when they first commenced to invest ami experiment in the possibilities of the air ¬ plane The Pilgrim Fathers embarked on a sea of uncertainty when they first set fail for Plymouth Hock and indeed all of tlio old pioneers that settled in and developed this whole country and made it the fairest land tin the face of the globe were men and women that were willing and wanted to take a chance It is the true American spirit inherited from our forefathers It is as natural for an American to bet speculate or back his opinion in a business way as it is for the sparks to fly upward and if ever it is stopped the strong healthy rugged initiative of the business man will cease and we will degenerate as a race There has always been a lot of people that apparently have nothing else to do but to attend to the business of other people and tell them what they can or can not do They never create anything but a disturbance nnil hope to live off of their reputations as business wreckers Ued blooded Americans always will bet and speculate in some form or other that the race track is a medium is only incidental Numerous other opportunities offer where the public is not so well protected protectedFAIRNESS FAIRNESS OF THE PARIMUTUEL PARIMUTUELThe The parimntnel is the fairest system of betting yet devised the public mkes the favorite and all of the mono less a small per cent for adminUUa tive purposes goes back to some portion of the speculators To tin small owner the pnrimutiiels are a real benefit lie can prepare a horso for a purse race bet the amount it would cost to enter the horso in a big stakes run the horse where lie belongs and win enough to pay expenses for a Ion while without having jeopardized much money Of course the wealthy owners that only run for the big stakes can run without betting but they pay the entrance and forfeits on i number of other horses so that eventually when one of their horses starts in a stake it has so much of its owners money back of it just as certainly as any horse in a purse race whose owner buys a parimutuel ticket Any good race horse trainer ought to know when his horse is at its best and tin track is to its liking therefore every outre in a while there comes an opportunity to bet which is almost a certainty To not be able to take advantage of these occa ¬ sional opportunities would be a great hardship to many an owner in ordinary circumstances circumstancesThe The ordinary business man no matter what his occupation when he goes to the races for a days outing thinks he can pick more winners than his neighbor and thereby evince better judgment To take betting away from these occasional visitors to the track would be a real calamity would reduce their pleasure curtail their visits and reduce the gate receipts Therefore it is essential to the best interests of the turf that betting prevails That there have been undesirable features connected with race track betting no one conversant with former methods will deny but under the present system a clean accurate system of speculation is inaugu ¬ rated that is eminently satisfactory to all con ¬ cerned When 11 sensible man gets anything the matter with him he employs a doctor some one that knows or any line of business the report of an expert in that line is eagerly sought when any radical changes are contemplated in an established business businessThe The horse owners and horse breeders in states where racing is an established institution should lw consulted before any drastic laws are passed by Congress that will in any way cripple this great industry Senator Sterling of South Dakota and Senator Kenyon of Iowa both states that have no thoroughbred horse interests at all and can therefore be in no way interested in the racing situation are endeavoring to pass a bill that would be dis ¬ astrous to the best interests of the thoroughbred in any part of the Initcd States


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