Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-16
YOU CANNOT WIN BY
BETTING ON RACES
Expert Unconsciously Admits That
1t Is an Absolutely Losing Prop
osition Which Way You View 1t.
272 WINNERS OUT OF 81 TRIALS
With the Average Odds at O to s,
the Better Stands to Lose $2,728.
Larger Sum Would BE Dropped
IL Tips Came From Other Sources.

NEW YORK. January 15.--Betting
or horse race Is AN absolutely GER
tain losing proposition racing ex-
pert connected with one of the New
York papers made this admission un-
conciousl:' while boosting himself as
the greatest racing "tipster" in Amer
lea.
The expert in question. in review
Ing his own labors for the year stated
winner 272 times. lie stated, with a
showing of pride. that he had picked
more winners than any other 'tipstcr."
hYures to show the truth of his asser-
ton.
Taking his statement at face value.
IL VIII be seen that the best race tip
ster." In the country would have lost n
wad OF money during the year had lie
bet on his own tips.
Let's assume that you bet $40 on
ST. tips. Tha, would, have called for
you would have been returned "a winner
272 times. Bat how would you have
Taking the odds placed on twenty
five horses, which this expert tipped"
we htd that the average odds was but
6 10 3. Naturally. In making his Sc
that looked like tho best bets Usually.
he selected the heavy favoritc-thu
Ana whenever hors" looks like Il sure
winner the "bookics" won't lay any
SOIt OF OuuS against tn. animal
out OF his twenty-five average tins
the majority OF horses were quoted at
even money. Several were to shots
Some were quoted at & TO 3, and one Al
whelming favorites. were quoted ut
only TO . rotalling all the odds it
makes 10 the average odds these.
chose. Those twenty-five horses and tn,
ODDS represent. pretty well. the type o.
the sorts of odds that prevailed on his
selections
Now getting back to the main point:
fiad you bet on all the horses that
were TIPPED YOU would have Won 272
times That meant you would have
won Sl2 on each horse, n Total OF
s3.26i. OF course. your stake OF $40
on each OF the winning horses would
have been returned. The returned stake
your outlay of ss.7lo.
In other words: had you wagercd so
on every one Of the horses that the
greatest racing ''tipster In the land
picked out you would have lost. during
between the Ss,7lo. that YOU bet, and
the 33.sS+ that would have been re-
turned TO you.
II the best "upstcr" In America
tips you SO that you lose s27S6 when
laying only $40 on each horse. how
much more do you think you will lose
who aren't half as expert" as he?
Io-Dny'S Gard at Havana.
First race-nvc furlongs, purse. $500
three year olds and up. maiden. self
inE--'Golden Lassic. 81; 'St Chari-
cote %: May Ipps, 95: Four Races. ~ ::
Margaret Meise. 80 Frontier, loI
lone. los; commack. 100.
Sccond-hve and one half furlonEs
purse. $500. for three year olds and up.
selling-Racy as: 'Seali. 100. Otranto
| 100: .Sackcloth. 100: Beda. I07: San Jon.
| lo?; Barn Dance. ll3; Transport, Il6
Third-siX furlongs. purse. $500 for
three -ycar-olds and up. selling. Eas-
ter Roy. al: Elsewhere, lOi: Duke Shell
| by. 100: Master Joe. LOG: Cuttyhunk.
1917 'Tigcr Jim. l0?; Tny Pay. 100:
shorty Northcutt III.
Fourth--iivc furlonEs, purse $500. for
three year Odds and up. selling .Idiola
So Snip. "a 'BulEur. 30. Scarlet Oats
lol; j. III. Barr. los: Sonny BOY, III.
Shadrack. III: T. VI. Green. llo.
Fifth-siN furlongs. purse $500. for
three -olds and M. sclling-Frill.
! 81: inferno Queen, 1902. Mocklcr. i07 !:
Rob r. III; Fred .ouy. ll2; Mr.. Mack.
IA.
Sixth-nve and onc-half mrlonEs,
purs" $500. for three ycnr-olds and up,
! scllinG--'cooster. ioI; Phil Common. loi /;
MortCylc. 10+ Napier. 100; stars and
tripcs. log: Patty Regain. 100: Water
Lad lo9 Wander. io?: parlor Boy.
! 100.
a uprcnticc allowance claimed