WHO SETS THE MARKET? 205 



Tjcen told of one bookmaker that he kiiJ a sum of 

 £10,000 to one person against a triple event. Two of 

 the events came off in favour of the backer, and that 

 bookmaker found himself in the position of having to 

 pay £10,000 if the third horse should win; however, 

 after the first part of the bet had been determined, 

 the bookmaker had taken a double event to cover his 

 risk. Ultimately, before the Derby (which was the 

 third race), he bought up the claim for a handsome 

 sum, and the Derby of that year was won by a horso 

 (Blue Gown) in the same stable as the horse which was 

 included in the triple event. 



A Scottish gentleman one season invested a few 

 pounds to win him a triple event of tlie value of 

 £4',000, but it did not come off. The horses selected 

 were : Footstep, for the Lincolnshire Handicap, which 

 won; Austerlitz, which won the Grand National Steeple- 

 chase at Liverpool ; the third horse of the series was 

 St. T,eger, for the City and Suburban Handicap, run 

 at E[)sora, which, however, failed to win that event. 

 The speculative Scotchman might have had fine 

 hedging over the third horse, which at one time was 

 quoted at 12 to 1 ; the twelves in four thousand, 

 therefore, at one time represented the value of the 

 bet. Double and triple events for places can also be 

 negotiated. The writer, by way of experiment, took 

 100 to 1 King Lud, 1, 2, 3, Cesare^itch ; and Sterling, 

 1, 2, 3, Cambridgeshire, and won his money; he also 

 upon one occasion speculated in a triple-place event 

 which proved successful, namely, Reveller for Good- 

 wood Stakes; Cipolata for the St. Leger; and Fernandez 

 for the Cambridsi'eshire. 



