INGENIOUS SCHEME
SHARE IN SWEEPSTAKES
(Received 20th March, 2 p.m.)
LONDON, 23th .March
The unique scheme of a syndicate of London business men is revealed in connection with the Irish sweepstakes. It reads like the best betting system devised. Briefly, the syndicate plans to purchase' a half-share in each runner, thereby assuring a half-share in the three main prizes, totalling £600,000, and half the remaining runners, totalling over £40,000. It will thus receive £340,000, from which will be deducted tlic amounts paid to the various holders. The syndicate estimates its profit at £125,000. In the event of inability to purchase a share in all tickets, it will back the horses concerned to win proportionate amounts. Tf it should have to back a larger number, it expects that this may reduce the profit to £60,000, but in any event it is bound to win. The syndicate has already cabled every holder, and 40 per cent, haye accepted.
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https://paperspast.natlib.govt.nz/newspapers/EP19310326.2.109.9
Bibliographic details
Evening Post, Volume CXI, Issue 72, 26 March 1931, Page 14
Word Count
156INGENIOUS SCHEME Evening Post, Volume CXI, Issue 72, 26 March 1931, Page 14
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