HOW TO MAKE MONEY BY HOESES. 141 



duce a profit, because the hundred pounds' keep 

 would in such case have to be set against three hun- 

 dred pounds won, instead of against a hundred and 

 fifty, the expense of additional jockies, entries, travel- 

 ling expenses, being all that is to be brought against 

 the additional hundi'ed and fifty ; but, on the other 

 hand, he must be a very stout and game horse to 

 bear such frequent running without becoming so stale 

 as to be below himself; thus his chance of winning 

 is poor indeed. Added to this, he may break down, 

 and thus never having been much estimated as a 

 race-horse, he would be as little so as a sire, so we 

 must in such case put down his value, which we will 

 call a hundred, as lost ; this would bring his win- 

 nings to a very low state ; but with such risks to 

 encounter, running him often is the only way so 

 moderate a horse can be made profitable ; if he can 

 only be started a few times, the loss by him is cer- 

 tain. Thus it will, I hope, be seen that I advise for 

 the best, when I recommend the generality of persons 

 who cannot afford to pay for indulging their fancy, 

 not to keep race-horses. 



