AND TIMES OF JOHN OSBORNE 165 



him for the Derby. After he ran second 

 in the Newmarket Nursery, carrying 8 st. 10 lb., 

 I hedged at 1000 to 50. So I stood on velvet, 

 d'ye see? They took 15 to 1 about Coastguard, 

 and I laid 150 to 10 against him. He had 

 left our stable then, but he had not left when 

 I backed him. Now the lot I backed included 

 Prince Arthur, Dr. Eooke, Cathedral, and 

 Coastguard; these and another we had in the 

 Derby. I had three runners Prince Arthur, 

 Coastguard, and Cathedral and stood on the 

 day 1500 to nothing Prince Arthur, 350 to 

 nothing Coastguard, and 1500 to nothing if 

 Cathedral had won. As I worked it out, I 

 actually won 10 on the bet. Now you can 

 let them know that this is the way I used to bet, 

 and that this was one of my biggest 'plunges/ 

 I have never been a speculator ; those bets I have 

 mentioned have been my only plunges during my 

 career. At other times I have had something on 

 when I had good reason to invest, thinking they 

 would become favourites, and then hedge, don't 

 you see? Now, when we had Lord Glasgow in 

 for the City and Suburban Digby Grand beat 

 him I had to get some money put on for the 

 owner. I had 10 on myself and 10 for a place. 

 They put some more money on for the owner, 

 and I stood in 10 for a win and 10 for a place 

 more, of course, at the same time. The money 

 invested averaged 70 to 1 for a win, and 16 to 1 

 for a place. Well, on the Monday before the 

 race I intended hedging as I had a bit extra on 

 that time, expecting to see hedging do it. I 

 never could hedge; he started at 66 to 1. That 

 was bad luck. But I got out of it all right. I 



