New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-22
SOME THEORIES ABOUT BETTING.
HARMLESS FIGURING By POLITICAL MATHE1tA-
TICIANs WHICH DIsREGARDS
FEW AXIOMS.

Some political mathematicians have been doing
lot Of figuring on campaign betting Of late The
tables made up are pretty 70 look Al eminent
Democrat once said something about being con
fronted by a condition and not a theory. These
tableu.akers seem 70 overlook the fact that betting
is a condition When large bets are made. odds
waver. and when one talks learnedly OF getting
down bet OF 500 600 more at stated ratio he
must take into considerable that The offer 70 BET
even small percentage OF this will break the
odds quoted Therefore. 70 figure that the whole
sum can De put down ruling odds IS z nice
theory. but hardly practical
Some one set forth yesterday how 4 person could
have gone TO the racetrack on certain day and
by betting g or the first race and winning that
bet and being lucky enough 10 pick the winner
in each succeeding race OF the day could BY bet
ting his Increased capital each tine win somewhere
IN the neighborhood Of 100000 That was another
nice theory. but Il any one offered 70 bet 5000 on
z single race the odds would vanish Ike thin INST
Very little credence can De placed in these betting
stories and in fact careful search has failed 10 dis
close any huge bets Wild gossip has IL that Rich
ard Croker has bet approximately 800 GO Bryan
az odds ngiug around Pa 10 L Mr.. Croker says
that ne has bet nothing o: the kind, and betting
men believe his denial So Tar is actually known
Mr Croker mas made nc enormous wager on The
election.
\ story printed yesterday was 20 the effect that
Mr. Croker was trying 20 beat the odds down BY
betting heavily on Bryan at a good price. and once
they were beaten down he intended 10 hedge his
bets by betting on Mckinley az reduced ODDS IEIs
IS The bland sOphIstry OF a cheOrls-- for -Ie very
tactics that forced The ODDS down u teF are Forced
down in the eternal Ia u that the angle o. incidence
is equal the angle OF refraction would force them
back again when The heavy bets were made the
= pointed cut thar Croker 1g
"hedginE this would win whichever way the
election went The following table was printed 70
show how Croker would win upon the SCpposlJl0u
that De- Sl9iIfT Bryan against S-7t-t-i on Nc
F-trIey. and having beaten the odds down 70 20
wazered 500 90 OF Mckinley against 5000 or
Bryan Or course. pointed out me odds could
ro- held the table i printed just 20 SHOW
how some active minds are employed on worthless
Out harmless problems Here IL IS
Croker on Bryan in September
croker On McKinley in October
October -
L Bryan IS elected Croker
Wins Loses F29I
s2500o0 $4,000 $4,000
Il Mckinley is elected croker
s125o00 10000 S-"l'5
EIGHT POPULISTS IN MASS CONVENTION"
Lewiston Idaho. Sept 2L-At a mass convention
called by State Chairman Hanson OF the Barker
DonueIy wing OF the PopuIsr party, three Pr=si-
Dental electors and State ticket were nominated
here last night. Several nominees for State ohces
Populist convention ar POCaleIo in July and VINO
refused 2 withdraw 70 make fusion with the Demo
Gratis and Silver Republicans. The mass conven-
ton comprised eight persons
WOOLLEY AND NETCALF SPEAK N OMAHA
Omaha Neb. Sept ZL-One thousand persons