230 TRAINING IN INDIA 



Formerly the ledger system was in general use for 

 keeping lottery accounts. It consisted of entering each 

 person's name who took part in the lotteries in a ledger, 

 giving one page to his debits, and the other to his credits. 

 It is far too tedious ; and by it accounts cannot be made 

 up in sufficient time to allow of a settling immediately 

 after a meeting is over. Every honorary secretary knows, 

 if this be not done, how extremely difficult it is to sub- 

 sequently square accounts satisfactorily. Among the 

 residents of a station this remark does not apply ; but at 

 a large meeting, where the bulk of the plungers are here 

 to-day and gone to-morrow, it is essential that everything 

 should be settled as quickly as possible; for absentees 

 find it hard to believe that they have won so little, or lost 

 so much. 



The lottery odds against a liorsc will be : Price of 

 tickets -}- price of all the horses - discount - double price 

 of the one particular horse, to that double price. 



Thus, in the case we have already given, the odds 

 against Jack are 500 + 460 - 48 - 180 to 180, viz. 732 

 to 180, or about 4 to 1. 



Suppose, by a private arrangement, the buyer of Lucy, 

 who won the race, had given away one-fourth of her, then 

 the quarter winnings would be thus calculated : — 



Actual value of lottery ... ... 912 



Lucy's double price ... ... ... 140 



4)772 



One-fourth share of winnings ... 193 



Double lotteries are generally resorted to when, from 



