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■THE BARIS -MBITKia SYSTEM.
TJtu jiow -tailing 9am» in eoveral of our
“tales have brought into notice lire
drench plan of (betting, n;Mch for Bomo
reasona not so very clear to the average
mind as apposed to In* usmld and am*
proved manner of (placing u wuger,
J11 tJie first place the management of
the track' assumes the while reapoonHbility
of receiving juid mriag; and no book
makers lire m the game. There ore two
ae'ts of »o-called madhinea, oitlhaudh tho
machinery consists simply an. citato ami
eomjmtera—one for 2-dbllar ibelw and one
for fklollar bote, au<t each tor straight,
place. and show.
Tickets are Fold and handed out, When
a horse anna (says "‘Bit and Spur") all
the straight fcwkete .sold «ro multiplied
by tho number 0 in tho d-dol)ar maehino.
to got the total of dollars ’.there. In the
2-dollar division the multiplication, of
course, is by 2.
The Amount in the pool obtained, the
--- jweu oucaineo. uic
iraicumtor at once, in the interest ot the
jissociation, deducts 5 per oent for profit
and expomua. The amount in then divided
by the number of tickets which had been
told on what lias proved to be tho
winner, and the payment for each ticket
Sh the rwiult.
,A little mathematical cogitation will
give light on the next process for place
And show home*,. the only difference
being that the division into two or three
, parts for distribution of the payment is
necessary in distributing the pool money.
The house, keeps all fractions ns well as
its 6 pop cent, and when dead hcata aro
run the money is divided in a way which
inakos provision for the extra horse shaA
ing in the first position.
Among the absurdities of tho pari*
mutual system la tho fawi that if only
straight tickets were told, and they au
on the winner, the bettor would not vfln
anything, but would gut back, his money,
less the percentage and tho fractious. This
could hardly be a possible condition of ,
—and the machine men guard against
too much money coming in on a prims
favourite by cutting Ids name out of the
Another fucb that is patent in this as
in nil percentage games, is that if the
plnr goes an long fcnough the penfetant
*'“y *rw vr me pcrsiBitni
deduction of the 5 per cent will evontu*
ally (and not so far distant) eat up ail
the money on the ground* not in tho
hands o£ maohino own am,
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