Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

WHEN THE "TOTE" LOST

Advocates of the' bookmaker- are/ apt to direct: attention. ;to --, .tlie " fact' that tlie totalisator cannot. lose.; /The machine did however,.lose- at Newmarket ,(England) on-14th .Ootober. ; ,'.-,. ■ .'. .. -, ■

Lord Lonsdale'a champion, two-year-old filly Myrobella 'was a runner'in' the Prendergastl Stakes," 'and 'she "^carried very nearly; all the tickets. She and her baekerß-would have lost But for a recently adopted rule that ■ guaranteed ;a minimum of a threepenny dividend .on the hvoshilling unit. ' The. totalisator had to sacrifice its customary .10 per cent., and lost £232 in addition. .■' .

That was the end of this; role, as a few clays later the Racecourse Betting Control Board announced that Rule 6 of the Board's Totalisator Rules had been amended, to read as follows:—"The dividend on the unit bet will be paid to the nearest multiple of 3d below the calculated amount provided that (except in the case of a dead-heat) if the calculated dividend is equal to 2s, or lies between 2s and 2s 3d, then 2s 3d shall be paid, but (except in the case of a dead-heat) if, after deducting the determined percentage the amount in a pool is insufficient to pay back the value of the bets on the winnin<* or placed horses, as the -case may be, all bets in that pool will be returned iv full."

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19321208.2.61.9

Bibliographic details

WHEN THE "TOTE" LOST, Evening Post, Volume CXIV, Issue 138, 8 December 1932

Word Count
220

WHEN THE "TOTE" LOST Evening Post, Volume CXIV, Issue 138, 8 December 1932

Working