So very much public attention has recently been called to betting, more particularly as applied to and in connection with horse-racing and the backing of horses, that I thought I would sit down and write a little of my experiences in respect thereto and give my unprejudiced views upon the subject. Yes!—an old bookmaker’s views—illustrated by facts and circumstances; bearing in mind that, as I believe, this is the first instance of a bookie’s confession of the “game,” and so is, I suppose, a novelty. I am penning these few lines just as the matter comes across my mind and without any attempt at literary or even logical merit—a plain, unvarnished life-tale, as it were—and in so doing I hope to point out certain means that might improve the Turf business and free it from the fearful odium it is now in; and secondly—and let me say my main and principal reason for rushing into print is for the benefit of and a guide to small backers. By “small backers” I mean those who go in the cheap enclosures at race meetings, and more particularly I I am getting an old man, and have been a betting man and bookmaker all my life, so to speak. My parents were poor people, but respectable. I had a National School education. When I was about twelve years of age I was turned out in the world as an errand-boy at 1s. 6d. a week in a general warehouse. I stayed there for a number of years, until at nineteen years of age I was a full-blown warehouseman earning £1 per week! I was a sharp, intelligent young fellow, kept my eyes and ears open, which, I can tell you, I have done all my life (you need to as a bookie, I can tell), and I soon made up my mind that the quid a week in a stuffy warehouse, long hours, hard work, and little prospect of “going ahead,” would not suit me. A lot of my chums used to “horse-race,” “put a bit on,” “get up sweepstakes,” and go to a race meeting now and again. In this way I was first introduced to a race-course, and was successful in winning a bit now and then, but as sure as faith losing it again, and more too. My first impression of a race meeting was a very bad one, for I could see that it was a vast assembly of “wrong uns” to the backbones—thieves, sharps, pickpockets, lowest of the low ruffians and scoundrels—my opinion is but little better of Well, I was wide enough awake to soon see that “backing” was no good, but that bookmaker was the “game.” I soon found a way to start with a pal similarly inclined in views. I wasn’t going to stick at a quid a week when I could see ten times that sum easily to be made. At that time bookies were allowed to rig up in any costume they liked, so we had red waistcoats, white plush hats, blue and green parti-coloured coats, etc. etc. I was soon “at home” at the “game.” I was sharp and cautious, with but little capital, so, for a time, our rule was “small bets only.” Lor! how the coin came in! seldom did we have a losing day. Well! to sum up my many years of experience, money has ever since rolled in. I have long since been in a position to take any bet you like, from half a sov. to thousands, “with pleasure,” and “thank you.” Money soon became no object to me, nor is it now. How comes it thus? One answer only. Because betting is a one-sided game, and is almost wholly against the backer. Thus the “bookmaker,” be he a ready-money bookie on the course or a S.P. bookie at home, is as certain in the long run to “cop” the backer’s coin as I am writing this. To be sure, the bookie attending the meetings can control his liabilities to a certain extent, which a I am writing, as I have said, more particularly for the benefit of backers; they can adopt my advice or not, as they please. Now listen. I have attended every race meeting held in the land over and over again. I am as well known in sporting circles as any man could possibly be known, from the highest in the land to the lowliest, so to speak; my betting transactions amount to thousands and thousands—I really cannot say how much. I am known, and properly so, as a very wealthy man—money is nothing to me—and let me candidly and truthfully tell you that I have never known a backer of horses to permanently succeed. The backer is successful so long as his money, pluck, and luck lasts, or until ruin has overtaken him. He wins and loses—wins and loses. He is up and then down—up and down. Hope! hope! hope! prompts him to go on; and he goes on. He diligently studies all kinds of plans and systems; he also fools his money away with “tipsters,” who have been described as a set of race-course harpies; every system, all of them of course, certain and sure. He tries “1st favourites,” “2nd favourites,” “1st and 2nd favourites,” “newspaper tips,” “newspaper naps,” “jockey’s mounts,” and numbers of other plans and systems—some his own particular fancy, and some other people’s. He Betting is a fascinating vice, and it is perfectly astounding to what an enormous extent it is rooted throughout the land. In every town, village, hamlet, warehouse, office, and workshop in the kingdom you will find the “backer” in thousands and thousands, all losing money—all in the net of the bookmaker. Can you blame the bookmaker for carrying on his money-making business? Why, every one’s answer is “Certainly not!” Were the race meetings always to be held at the same place, the bookies’ business would practically be “all up.” For why? The local backers would soon all be “played out.” The very fact that the race meetings are changed daily and are miles and miles apart is a veritable god-send to the bookmaker, the trainer, the jockey, the owner, and the dozens of others depending for existence on Turf matters. We thus get daily hundreds, nay thousands, of new faces and fresh backers full of excitement and hope, This glorious state of things goes on day by day and year by year, particularly during the flat-racing season. Now, I think it is a bad week if during flat racing I do not clear a hundred or so per day on the average. Some days, but really very few indeed, I make a loss, but on other days the coin rolls in all round, and the average is as I have stated. I have made as much as £5000 in one day! How is that, eh? I am wise enough, of course, to make my book to win, not to lose. Still, with heaps of money in hand, with property here and there—with everything in abundance that I and mine may require or could possibly wish for—with grand country and town houses, with horses, carriages, every possible luxury, every wish and desire gratified, living up to the greatest state of expensive excitement every day (the bookie’s very existence compels a constant round of amusement and excitement or we are nowhere), still, mind you, I am not happy—sometimes far from it. Conscience will make itself heard. True! true! age is telling on me as even it is telling on many another bookie, and we cannot stifle the thought that the grave is in sight, and our last race will soon be run. Often and often Such must be the occasional thoughts of all old bookmakers. And for why? Because there is not one of us, past and present, who has not over and over again obtained our money by questionable means, even if our inclination was not to do so. We have been, and are compelled—yes, compelled!—to participate in trickery and deceit to the detriment of the backer; and so crops up the thought that the backers’ money in many instances is not obtained honourably. These facts make one feel uneasy. What does this mean? Why, I have in my time secretly paid away much money as contributions to effect certain ends favourable to the bookmaker and to the loss of the backers. The “freemasonry” amongst certain people connected with racing matters is very strong indeed. Pray let me be very plain in making myself clear. I do not for a moment cast a slur upon or raise the What is the real meaning of this pretty modern expression? Why, in plain language, it is arranging “to win a race.” Listen! What think you? There are very many unfairly run horse-races. Take this statement as gospel from one who knows, but who cannot divulge the secrets of the Turf. Listen again. Betting is simply a speculative business, two parties to a bet. Each tries to win the other’s money, and each party adopts the best expedient to do so. We all know who does win in the long run, and I am penning this rigmarole to I am not writing as a moralist or a sentimentalist, but in a purely business way; using common-sense to prove to misguided, foolish people that to invest their money in backing horses is a stupid, unwise, unbusiness-like mode of investing their cash, and is a way that means absolute loss, if not ruin, simply because the chances to win are so great against them, and the odds against them so fearful, that success is next to impossible. To convince a backer that such is the case, I know, is a most difficult task, and really for a bookmaker to do so seems a paradox and a right-down absurdity, but it is not so. If the small backer could be extinguished, the legitimate abused business of betting would be much relieved from the stigma now cast upon it through the misdoings of the small backer, who, in his hopeless task, runs himself into serious difficulties and causes trouble all round. The removal of the small sportsman would be of inestimable benefit, not only to himself (I want him to look at the matter in that light), but to the straight respectable bookmaker. Now with regard to the monied or larger sportsman. We, the bookies, talk to each other about our We laugh ha! ha! We laugh ho! ho! We laugh at their folly and pain. One by one we miss them, but sure as fate others turn up from time to time, and so the merry game goes on day by day, month by month, and year by year. Yes, the monied sportsman, the retired tradesman, the successful business man combining trade with Turf speculation. Yes, yes, let them be—they can take care of themselves. If they like to lose their coin, well, let them—in fact, they are the bookie’s chief support, his pals, his friends. True, they drop out as I have said, one by one, sooner or later; but what matters, brother bookies? others always crop up in their places, and so we have nothing to fear. Again, let me say, that it is the impecunious and needy, and poor silly fool of a backer who brings discredit upon the business, together with the host of thieving, impecunious welshing fraternity who dare call themselves bookmakers and Turf commission agents, who, fairly or unfairly, cop or welsh the small backer of his money. Now, to point out to the said backer more precisely the reasons why and how he cannot possibly win at backing horses, no matter what plan or system he follows. Let me go a little more into these points, which will or ought to convince him, or at any rate give him matter for serious thought upon the subject. In the first place, there is what is termed the “law of averages,” by which the backer’s chances to win are for ever against him; that is to say, in nearly every race there are a large number of horses running, otherwise the races are termed non-betting races. Now you back one horse out of say seven or eight running, thus you have at once six or seven chances against your winning. Look how very greatly this works out against the backer when larger numbers of horses are in the race—say 10, 15, 20, and even 30. You back one horse to win, so there are 9, 14, 19, and 29 absolute chances against you, and so on. Never mind about the favourites, the complete outsiders, and so on, there are (and there is no mistake about it) so many absolute chances against your winning, and of course on the other hand so many chances in favour of the bookmaker. But! but! but! listen! ye deluded, cocksure backers! The law of averages against you is nothing to be compared to other and far greater chances against you. I had already written, explained, and set out a number of them, but a newspaper correspondent has very thoughtfully and very carefully embodied them, or some of them, together with others, in a capital letter which Odds against the Backer Sir—I do not profess to enter into the pro or con of this vital question, which is increasing in force and imperativeness with each succeeding year. But to those of your readers—and I fear they are greatly in the majority—who, in spite of experience, fondly believe that it is possible to make money by backing horses, I append a list of 22 chances against the backer in every race that is run. 1. The regular percentage of odds, ranging from 2 to 1 up to 20 against one in every race. There can be only one winner. 2. The horse may be fit and capable of winning, but not “wanted.” 3. “Wanted” by the owner, not “wanted” by the trainer. 4. “Wanted” by owner and trainer, not “wanted” by the jockey, who has his money on another runner. 5. Owner, trainer, or jockey in debt to a bookmaker. In either of these three cases the horse runs to suit the layer’s book, irrespective of the backer. 6. Horse tried to be a certainty—money on. Something wrong with trial horse. All calculations upset. Again the backer loses. 7. Race lost by a bad start. 8. Long delay under a hot sun. Horse irritable, nervous, wears himself out at the post. 9. Some fractious brute who has no place out of a selling race kicks the “certainty” at the post. 10. Jockey disobeys orders, and throws the race away, or goes to sleep. 11. Tiny light weight, caught by steel-knit veteran, fails through weakness. More grist to the bookmaker. 12. A lends B his best trial horse—say Bluebottle—to try Broomstick. Result of trial makes the race a good thing for Broomstick, but a still better thing for A’s old sprinter, Juggler, who has got in with a light weight. A quietly works a starting price job all over the country, and with Juggler just nips Broomstick on the post. 13. Brown lends his crack jockey to ride Jones’s Malaprop, and price shortens. Brown’s money is probably on Gay Deceiver. Jockey obeys orders, and rides Malaprop in Gay Deceiver’s interest. 14. Horse certain to win. Stable forestalled at the last moment. Jockey honest. No help for it. Give the colt a nice refreshing drink of water before the start. 15. Everything lovely. Mount winning easily, when he stumbles and nearly comes down. 16. Jockey makes his effort too late. 17. Jockey secretly owner of horse, other than his mount, running in the same race. 18. Short sprint. Bad draw for position extinguishes chance. 19. Public back the favourite. Stable wins with outsider. See Dieudonne and Jeddah. 20. Crowding at a turn. Jockey hopelessly shut in. 21. Jockey skilfully shuts himself in. “Couldn’t get through, sir.” 22. Horse knocked out of his stride by a cannon during the race. A famous trainer of the old school said, “I have been in this business through a long life; there is little that anybody can teach me in training. I can do all things in this world with a horse except—be inside him.” Sceptic. What a splendid letter this is! How true indeed are the 22 reasons! What thought each one gives to the backer if he is a sensible man and will but think over them. How we bookies know full well the absolute truth of them, as do also the jocks, trainers, and owners. We have referred in conversation to the Sun correspondence. What care we for it? It won’t stop the fascinated backer. No fear; we persuade ourselves that nothing will stop him except “running the length of his tether.” It is almost amusing to read in the newspapers the excuses given by the “Racing Prophets” for the predicted horses “not pulling it off.” Almost daily you will find some of the above reasons given. I have just picked up the Daily Mail. Racing at Excuse No. 1.—“The well-backed Shot Gun ... threw no resolution into his work.” Excuse No. 2.—“Eileen Violet too ... ran a snatchy race throughout.” Excuse No. 3.—“Reminiscence having missed a race at Newmarket through the imprudence of her jockey in leaving off riding too soon, she yesterday, when heavily backed to square matters, had her chance entirely destroyed by the falling of Lady St. George.” Excuse No. 4.—“The Bestwood Nursery ... demonstrated how fluky was the victory of the Asteria Filly at Newmarket.” The above are cuttings from one paper only—we get such excuses to “soothe the backer” almost every day in one paper or another. In a case reported in the Daily Telegraph, the judge of the Clerkenwell County Court made this remark:— I don’t profess to be any authority on horse-racing, but I know it depends upon what the odds are and what the jockeys have been paid as to which horse wins. (Laughter.) I guess that judge knows more about racing than he would wish us to believe. What is the impecunious backer? Why, a fool of the first order. A fascinated idiot. A sharp, The backer of horses, as a rule, takes to it as a business by which to make money, as in every other business. Every business and profession (for a master man at any rate) is a speculation. Betting is a business, but a speculative and, I should say, the most speculative kind of business there is. There is nothing wrong or sinful in betting. But it is a business so very speculative, so very much against the backer, that, as I hope I have proved, it is a fool’s game, and for business considerations only it is best left alone. In addition, however, to the reasons before set out, why the backing of horses never will pay any one (let “the sportsman” be never so clever and cunning), there are in addition other and more potent reasons of force. Yes! forcible reasons why the respectable person should not meddle with it, at least, until the greatest reforms have taken place. Look, for instance, at the class and character of those regularly participating and taking part in betting pursuits and attending race meetings. Think for a moment who and what the majority are. I Every decent sportsman will, I am sure, corroborate my remarks and join me in protesting against the apathy that exists in not clearing the race meetings of the human filth and vile scum and villainy that they now attract. Every respectable bookmaker desires it, for he is a great sufferer in consequence. He goes about in fear and trembling; he has always to be on the alert against assault “Yes,” you say, “how can all this be altered? What is the remedy? Tell the Royal Commission now sitting and inquiring into this subject. They will thank you!” Well, I will answer these questions simply and at once. 1. You must make every race meeting “a place,” and abolish betting there as it is now openly carried on. Note.—The law as it at present stands is an absurdity. If it is illegal to bet in a house or street, it should be just as illegal to bet at a race meeting or elsewhere. Such a simple alteration of the law would at once sweep away much of the human filth, and be of inestimable benefit to the honourable bookmaker proper. There is no mistake about it; it must be done if the present awful state of affairs is to be done away with. 2. Betting you will never stop; but it can be controlled for the benefit of the community at large, and so you must license the bookmaker. In so doing you must not give a license to any one who thinks fit to apply for one—such as an auctioneer gets his license, or a person keeping a horse or dog gets his. No! no! no! The licensed bookmaker must be a highly respectable man—never been in trouble; and he should be required to deposit in Somerset House or some other Government place a sum of money—say £500 or £1000—to prove his responsibility, which should be attachable for any proved unpaid claim against him. The licensed bookmaker should then be permitted to make bets on the race-course only. His license should be subject to revocation for misconduct. 3. All bets should be in writing, or rather tickets should be given similar to a pawnbroker’s way of doing business, and amounts due to either party should be recoverable at law. Note.—The suggestions 2 and 3 would, I believe, positively abolish welshing: would be welcomed by all honourable sportsmen, and, above all, would positively purify the various race-courses, and put a permanent stop to the hundred and one forms of abused and nefarious betting which now are rampant throughout the land. 4. A law should be made abolishing clubs, or offices, or houses kept by starting-price bookmakers; and it should be illegal to carry on a betting business either personally, by letter, or by telegram, except on a race-course by a duly licensed bookmaker. Note.—My brother bookies will open their eyes in abject astonishment at this suggestion, and all kinds of awful anathemas will be heaped upon my poor old anonymous noddle, quite unnecessarily and too soon, for they would soon see that such a step would be to their benefit. Again, be it observed, that unless betting is to be absolutely abolished altogether, the small sportsman, with the harpy, the welshers, and the villains, must be got rid of to make betting a respectable business, and to rid it for ever of the fearful and deserved disrepute that now surrounds it. Well, do away with the stay-at-home S.P. bookmaker, and there is the remedy! All good S.P. men can as well carry on their business at a race meeting as at home; and if they cannot—well, turn it up! Starting-price bookies are the great sinners with the small backer; it is with them that the workman, the clerk, the shopman, the small tradesman—to sum up, the impecunious backer, all go or do business with, and it is principally and mainly with them that the betting is done; it is they who foster small betting, and thus indirectly are the cause of nearly all the disrepute which hangs around betting revealed from time to time in the police courts and in other ways. Abolish the stay-at-home S.P. bookmaker, with clubs, his offices and houses, and the very greatest blessing will at once be conferred upon the bookmakers generally, and upon the community at large. It is positively astounding to think of the thousands of S.P. bookmakers—large and small—mostly small, miserable, moneyless beings, scattered all over the country everywhere; these are the men who do the business with the men and persons who have not the means to and certainly have no right to bet. Do away with this business, and the atmosphere will be enormously cleared. 5. Now something must be said about the newspapers, for they are very great sinners in encouraging small betting. I am, however, more particularly concerned about the small backer, the ruin he brings upon himself and those connected with him, and the discredit he brings also upon the legitimate betting business. The man who can attend the various race meetings, and there can see for himself what is going on, the number of the horses running in a race, the jockeys riding, and knows the odds for and against, is, of course, in a far better position than the stay-at-home backers, or in other words the “small sportsmen” who have neither the means nor the knowledge to bet on horse-racing, and simply do so almost in the dark, on mere chance, or mere newspaper tips, naps, and advice written the day before the race. The morning halfpenny papers, of course, get much of their information from the large daily papers. “Morning betting” has been proved to be (as we of course know) entirely fictitious, and so is much else referring to sporting matters and supposed ante betting. The small stay-at-home sportsman absolutely relies on newspaper recommendations, good or bad, to guide him, and so if the publication of betting prices is prohibited, and also it be made illegal to give “selections,” and to recommend any horse or horses to bet upon, the “good thing of the day,” “to back it win and place,” and the many other ways in which backing horses is publicly and openly and in many cases suspiciously advised and recommended, is made illegal and prohibited, such a step would be welcomed by the good bookmaker, Another matter is that “tipsters’” advertisements should be entirely suppressed. Of course many of the large daily papers refuse them altogether. Unfortunately, however, they are permitted in other papers. How any person with a grain of sense can send coin to any of these advertising tipsters is a marvel to me. Still they flourish on fools’ money. Read through the said advertisements and form your own opinion. Let any sensible person put it to himself. If these tipsters are so sure, why don’t they themselves back their predictions, and secure the easy fortunes they advise others to get? Turf commission agents’ and Turf accountants’ advertisements should also seriously be revised. I am, of course, not condemning the well-known firms doing business under the above designation, but for every safe, respectable man there are many “wrong uns,” so the only plan seems to be to seriously revise the advertisements, or reject them altogether. Besides, every one knows that the descriptions are The Jockey Club do not now settle betting disputes, nor do they openly countenance “betting.” The races are supposed to be run on the same lines as athletic sports are conducted, viz. the prizes offered of themselves are expected to be of sufficient value to induce owners of horses to compete. Oh, what a big farce! Of course, many of the wealthy owners keep race-horses solely for the sport and honour of winning races, and do not care a fig for betting, whilst of course, on the other hand, a vast number of owners of horses look to betting as the means to recoup their heavy expenses, and to “win a bit” besides—in many instances vainly so—for it is admitted all round that owning race-horses is a very expensive sport, and can only be indulged in by persons having “lots of coin.” It is, however, quite impossible to disassociate horse-racing from betting. Stop the betting at race meetings—give prizes only—and what would be the inevitable result? Why, the race meetings would almost cease to take place. Now, to all interested in a business way with racing, viz. the race-course company, the trainer, the jockey, the bookmaker proper, the newspaper proprietor, and many others, it must be apparent, Finally, I am egotistical enough to say that if the alterations and reforms I have sketched out above are resorted to, that the Turf scandals which so frequently take place would not and could not arise. |