BETTING RULES. m 



Paris Mutiials, or " French pools," as they are called, 

 are conducted differently. The horses are all sold at 

 the same price, from ^5 to §25 ; each and every heat is 

 a race. The sales are kept track of by means of a regis- 

 ter called a Paris Mutual machine, which registers in 

 plain sight of all the buyers the number of tickets sold 

 on each horse, as well as the /^/^/ number of tickets, and 

 a speculator can see at a glance exactly the value of each 

 ticket sold on the winner at that moment. At the con- 

 clusion of each heat the total amount of the receipts for 

 tickets is divided between the holders of tickets on the 

 winner, less the commission of the pool-seller, which is 

 five per cent, usually. 



Book-making is another system of betting, which is a 

 style of betting in vogue in England for a long time, but 

 has been introduced in this country quite recently, and 

 within the last ten years has made rapid strides into pop- 

 ular favor, particularly at all " running meetings," Book- 

 makers bet agaiiist every horse in the race winning, and 

 s:eneraUy give " odds," such as five to one, ten to one, 

 and as high as seventy to one. If you desire to back any 

 particular horse and the book-maker is giving the odds 

 of five to one on him, he will not let you h^tless than five 

 dollars, so you lay five against twenty-five that the 

 horse you have backed will win the race over all others, 

 and the book-maker has the "field " against you in every 

 transaction. No commission is collected by book-makers. 

 In trotting and pacing races every heat is a race, same as 

 m the French pool system. 



