140 HmXS TO HOP.SEMET^; OE, 



chance of winning. The reader may object that if 

 winning three times out of six is a losing game, the 

 running oftener would lose still more. A little re- 

 flection would, however, show this as a fallacious 

 conclusion, which the following rough statement will 

 show. I will put down the expenses incurred against 

 the amount won in winning three out of six fifties 

 the horse starts for in the season. The usual cost 

 of a race-horse's keep in a public training-stable 

 is about a hundred a-year, so now we go to our 



amount : — 



£ 



Keep 100 



Entrances for six races ... 18 



Three winning jockies . ... 15 



Three losing ditto 9 



Expenses of horse and lad going 



to each race, say £2 . . . 12 



Your own, or trainer's expenses . 6 



"Winning three races, £150. £160 



So much for starting six times, and winning three 

 times out of the six, less ten pounds ; but if the horse 

 can win six times out of twelve starts, it will pro- 



