HOW TO MAKE MONEY BY HOESES. 151 



imperturbable coolness, neither to be elated by tem- 

 porary success, nor dismayed by temporary disappoint- 

 ment, for he must encounter both in racing ; if he is 

 dismayed by the latter, he will probably leave the 

 turf in disgust, when a proper perseverance would 

 repay him for temporary loss ; or, on the other baud, 

 if of a sanguine temperament, he will become con- 

 fident in himself and his horses, will be led to esti- 

 mate the latter beyond their pretensions, and be 

 tempted to back his judgment by betting, in which 

 case it would avail little his horses winning a few 

 fifties, if in one bet he lost hundreds ; or, as many 

 have found to their cost, if a man wins the two thou- 

 sand at Newmarket, and loses twice as much on the 

 Derby, he is not in the way of making money. It 

 requires no small share of determination to resist 

 backing our judgment where the latter has brought 

 us off triumphant ; but a man must be confident in 

 his power to do this, ere he can with any degree of 

 safety keep race-horses, unless he means to be a pro- 

 iossed leg — a character, I presume, such readers as I 

 address in no way contemplate becoming. 



