DOUBLES TOTALISATOR

Evening Post, Volume CXVIII, Issue 60, 8 September 1934, Page 23

DOUBLES TOTALISATOR

A SPECIMEN INVESTMENT

A specimen of an investment on the doubles totalisator, which it is proposed to legalise by . the Gaming Amendment Bill now before Parliament, was: given by the sponsor of the Bill, the Hon. E. R. Davis, in his speech in the Legislative Council on Wednesday. afternoon. I The doubles pool, said Mr. Davis, would be closed r simultaneously with the ordinary single pool on the. race that had been | selected as the first "leg" of the double. For purpose of illustration let it bo supposed that £IOOO had. been invested in the doubles pool, as follows:—. Horse. Investment. £'■'""■ A. ' 20 B 40 j 0 00 . D SO .: E no ]•' ,100 G. 120 H 140 J 160 K 190 - Total pool .... £IOOO Horse D, with £BO invested on it, wins this race. The holders of the eighty tickets (assuming the unit of investment was £1) then back their fancy for the race that j has been selected as the second "leg" of the double, handing in their ticket on D and receiving in exchange a ticket on the horse they fancy to -complete the double. Lot it be supposed that the eighty tickets have been exchanged as follows on' the second race:—

It will be noted that R, U, and Y have been scratched, so that all betters who have successfully picked the first "leg" will be having a run for their money in the second "leg." Say that the second

race is won by the favourite Z, for whom 20 tickets had been exchanged. The holders of these 20 tickets will be the participators in the doubles dividend. .Of the £IOOO invested in the original pool the following deductions are made: — £ b. d. 7% p.c. to racing club 75 0 0. 5 p.c. Government tax 50 0 0 5 p.c. Government dividend duty ■'' '. on £875 43 15 .0 £lO3 15 0 This leaves £B3l 5s to be divided among the twenty investors who backed the win--ning double, D and Z, each Of whom will deceive a dividend of £4l lis for the £1 invested, .

CANTERBURY'S CONFIDENCE

Confidence in the future -of racing was again demonstrated this week-by the committee of the Canterbury Jockey Club. At earlier periods the stakes for classic events and the New Zealand Cup were increased, and the policy has been continued with the remainder of the programme for the four days of the New Zealand Cup Meeting in November. The additions to the stakes have been spread over seventeen races, the pleasing feature of the distribution being the attention paid to the minor events, comments "Argus." While big prizes for the leading races can be, used as a magnet for a meei|ng,.the need for looking after the other' horses has become urgent. There will be critics to suggest that, the club should have shown even more enterprise by giving even larger stakes, but the officials have gone on with a policy which has brought good results during a trying period.

SPECIAL HACK CONDITIONS

One feature of the programme that has been framed for the New Zealand Cup Meeting of the Canterbury Jockey . Club in November is a matter for congratulation, says a southern writer. The club tried to' have the hack conditions varied by the Racing Conference in order to bring the position, into" line with the reduction in stakes that has taken place in recent years. Failing in this, the committee has now made its own conditions for Riccarton; The old "hack" races are to be replaced in November by other' events open to horses who have not won a race of the value of £2OO (instead of £250), or races to the collective value of £4OO (instead of £500). The effect of this will be that horses will be forced into open company a little earlier, a wise move, as there is an abundant supply of horses for the hack races, the shortage, when it does occur, being in the open class. -

AGA KHAN'S GREAT YEAR

H.H. the Aga Khan continues to have great - times at some of the big meetings in England this year, and on the opening day at "Glorious. Goodwood" on July 31 i last his horses won the two most profitI able stakes. The three-year-old Umidwar was successful in the Gratwicke Produce Stakes, V/2 miles, w-orth £2342; and the two-year-old Tetratema colt Theft easily captured the Ha,m Produces Stakes, G furlongs, worth £2BOI. These, however, were not the Aga Khan's only good wins at the meeting. On the next day his three-year-old Blandford colt Badrudcrin won the Sussex Stakes, 1 mile, worth £1053; and on the third day his two-year-old Blandford. colt Bahram, who a week or two previously, had surprised, the stable in the National Breeders' Stakes and who subsequently was also- to win the Gimcrack:Stakes,, scored cleverly in the Rous MemorialStakes, 0 furlongs, worth £1215. '. With still a. day of the Goodwood Meeting to go. (the exchange reporting it is not yet. to hand) the Aga Khan's horses had gathered in £7544 at the fixture, and their earnings for the season- to date climbed to £38,790. Nearly four months of the flat racing year remained at the end of the Goodwood Meeting, audi continuance of the good fortune'he has been having must mean the Indian potentate's recording his most successful racing year yet in the twelve seasons he has' been racing in England. His previous best year was in 1032, when, his 1 horses won £57,778. No wonder he can allow Gordon Richards that £7OOO retainer and percentages during the next three yearsl

Horse. Tickets. Q R. S , , , 10 U. Y. W. X ■ Y Z. .... 20