ANOTHER TOTE CONVERT.

NZ Truth, Issue 169, 12 September 1908, Page 2

ANOTHER TOTE CONVERT.

From all accounts- the totalisator V,- is. likely to ..become a popular medium I. of turf speculation m America, as it -appeals'; not only to the public but to. .the ' clitbs,: who, though they used to char ge ; the bookmakers a' stiff, fee"; find they do better out of the percentage they,. receive from the machine. . Almost needless; ■ ,. to; add that, under such conditions, they will be strong advocates for its use. v^n^the,; State of Keht-ucky the machine; : i Ands i gjceat favor, • an,d a; Chicago paper „;; i H||i-' tibns that tlie- New , Louisville JocVey, Club,, m .particular, has done well/ out'.bf ! it. That club used to charge '. bdokmak- . ers £?0 a .day, and for the first eleven days of- jts .meeting las.tv^-year; ( ./r,ecei-yed ■ £5700 m, fees. V This year speculation was iimited to auction pools and ,the totalisator, and on> the first eleven days .the percentage from . the (latter totalled £5985. A . further sum of £1405 was re/ ceived m percentage Ironi the aucti<jto pools, so that for the eleven days ' the cliib was £1700 better off vbhan when;' it sold its betting privileges to bookmakers. ' However, it would be almost impossible for a metropolitan ,, club m any country not to make more out of the /totalisator than out of the bookmakers. . ...';,