RACE POOLS. 265 



cent. Deducting this Ks. 10 from Rs. 160 (amount lost), 

 would leave Rs. 150 to be divided between A, B, and C, 

 and they would get respectively Ks. 30, Rs. 75, and 

 Rs. 45. 



Race Pools May be got up by any number of per- 

 sons who bid for choice of horses entered for a race, the 

 buyer of the winner of which takes the several amounts 

 bid for the other horses. Say, for instance, that the 

 horses Lancer, Gay lad, Breeze, and Phantom were entered 

 for a certain race ; the auctioneer would then ask, " How 

 much for first choice ?" Suppose A bid Rs. 50, B bid 

 Rs. 70, and D finally got it for Rs. 500. D would then 

 have the choice of any one of the four horses. Let us 

 say that he took Gaylad. The second choice for Lancer, 

 Breeze, and Phantom would, in the same manner, be put 

 up to auction, and suppose A got it for Rs. 400 and took 

 Lancer. Also that B got Breeze for Rs. 80, and that 

 C bought Phantom for Rs. 120. The pool would thus 

 stand : 



D pays for Gaylad ... ... ... Rs. 500 



A Lancer ... ... ... 400 



B Breeze ... ... ... 80 



C Phantom ... ... ... 120 



If Gaylad wins, D will win ... ... 600 



Lancer A 700 



Breeze B 1,020 



Phantom C , 980 



