34 Horse Raeing. 



Play or Pay. If the first event terminates in a 

 dead heat, and the stakes or plate are equally 

 divided, or if a match be off on equal terms, the 

 bet is off, and the contract is at an end without 

 reference to the future events, which were con- 

 tingent. Although P. P. betting is a formidable 

 medium to extract money from the public, it must 

 be acknowledged that it is impossible to make a 

 book on any important race without the security 

 of Play or Pay. Strenuous exertions have been 

 made by the Jockey Club since 1804, first to con- 

 fine the P. P. betting to the Derby, Oaks, and St. 

 Leger, Newmarket Stakes, Oatlands, and the 

 Pavilion Stakes at Brighton ; then in 1811 to 

 contract the betting to the Derby, Oaks, and St. 

 Leger. In 1812 a circumstance occurred at New- 

 market which ought to have opened the eyes of 

 the Jockey Club to the fact that non P. P. betting 

 was impracticable in large betting races, and that 

 the ring could not protect themselves against the 

 tricks of horse owners without P. P. Two horses 

 belonging to a noble lord Cwrw, and a colt by 

 Eemembrancer were in the Two Thousand 

 Guineas Stakes. The latter was backed to win 

 20,OOOZ. He was ridden past the King, with 

 Chiffney on his back, and a stable lad on Cwrw. 

 At the starting post, Chiffney changed his mount. 



