Change in New York Rule In Stake Race Wagering: Association May Offer Pools It Wishes in Small Fields, Daily Racing Form, 1948-05-31

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Change in New York Rule In Stake Race Wagering WageringAssociation Association May Offer Pools It Wishes in Small Fields FieldsBEIMONT BEIMONT PARK Elmont L I N Y May 29 There was straight and place betting on the Withers and Juvenile Stakes at Belmont Park today though only four horses representing as many Interests were entered in each race according to New York law but that situation inviting minus pools when there is a standout favorite may not apply in the future The New York State Racing Commission issued an amendment to Section 21 of the rules which would permit only straight wagering on races which are qualified as sweep ¬ stakes in the event of there being five or less entries entriesThis This amendment which takes effect June 5 leaves it optional with the racing asso ¬ ciations to provide such win place and show pools as they see fit in the event of small fields fieldsThe The rule heretofore has read as follows followsSection Section 21 In all races with five or more separate entries which start racing associations shall provide win place and show pools in all races with four separate entries which start they shall provide win and place pools in races of three or two separate entries which start they shall provide only a win pool and parimutuel tickets shall be sgld accordingly accordinglyThe The amendment made is the Insertion after the word races in the first line of the words except sweepstakes sweepstakesIn In explanation the commission stated statedIn In all races except sweepstakes racing secretaries have power to declare a race off if they do not consider it a contest On the other hand the racing secretary has no control whatever over horses entered in sweepstakes as they are entered by early nominations The sole prerequisite for starting in a sweepstakes is that the vari ¬ ous specified payments should be made including the starting fee for a horse to remain eligible to run The result is that from time to time an outstanding horse is developed with which there can be no rea ¬ sonable competition Such a horse was Man o War and such another is Citation The result of a horse like Citation running in a sweepstakes is tthat the tracks would be obligated to pay large sums of money for socalled minus pools These pools are largely caused by professional betting on the favorite to place or show with the prospect of earning five pehts on each dol ¬ lar bet in each of the win place and show pools Such betting is not Jresorted to by The general b jting j jubj ubj p as it calls for very substantial wagers to win a relatively small return N NThe The racing associations in recent years have increased the added money in sweep ¬ stakes which now runs as high as 100000 It seems unfair that they should be obliged also to incur the expense of minus pools ffWchin run to large amoun V


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Local Identifier: drf1948053101_33_6
Library of Congress Record: https://lccn.loc.gov/unk82075800