II.
In such transactions as have been indicated, the biters are sometimes bit. A few years since a clever school of these men agreed to purchase, for £2,000, a horse which had become a prodigious favourite for one of the chief handicaps. It was reputed to have won a good trial, in which it had beaten its stable companions "to blazes," and was being backed every day at lessening odds. About eight days before the race it was quoted at 100 to 12, and seemed as if it would be a dangerous horse. Negotiations for its purchase were entered into by an agent of the syndicate—and terms being agreed upon, the horse was quietly transferred to another stable—the dealers having forgotten, in their anxiety to conclude the business, that the vendor of the animal had another and, as it proved, a better horse entered for the same race, quite capable of winning it! As it came out in the sequel, the gentleman had backed his "lot" to win a considerable sum, whilst a confederate had taken some "long shots" about the other one, so that the seller had all the best of the deal, the horse purchased by the bookmakers proving in the end worthless. In reality the owner was delighted to sell number one, because he had planned to win the race if he could with number two, and that being so, he began business by backing his "lot."
Instances of another kind of deal might be cited. On one occasion a man who had been so clever as to back a horse to win him £12,000 before its owner had backed it for a single sovereign, had the alternatives placed before him of seeing the animal "scratched," or of buying it, or of allowing his owner to share his bet. He preferred to purchase, but before the day of the race the horse had gone off its feed, and when called upon to make an effort was easily beaten.
Many good and honestly trained horses unexpectedly suffer defeat, a result which on some occasions is difficult to account for. When such an event takes place, "would-be wise persons" shake their heads in the "I told you so" style, and hint at foul play. It frequently happens, however, that horses which run well at home are unable from some cause or other to make a successful effort on a racecourse. Horses, like human beings, it may be taken for granted, are not always "i' the vein," and so owners and trainers who calculate on success are often much puzzled by results which they had not the prescience to anticipate. Many an animal good enough to win a race by twenty lengths has suffered defeat almost at the outset of the struggle. In such cases trainers have evil times of it: should the horse run up to the anticipation founded on the trial, it is spoken of as a great animal; should it lose, the trainer may be looked upon with suspicion or the jockey be blamed for losing the race.
"The chicanery of the turf," it has often been said, "is boundless," but what is done is being accomplished in a manner so refined, and at the same time is so quietly done, that the outside public have no chance of detecting it. Nor does anything accomplished in the way of "polite fraud" call for the interference of the police; betting is without the pale of ordinary law, so that all concerned carry on the game with immunity from consequences. When what is called "a great handicap coup" is achieved, it usually happens that a greater number of persons will be found to have backed the losers than the winner, because it does not suit those who are "working the oracle" to allow the real merits of the horse they have planned to win with to become known to all and sundry, for the very excellent reason that in such a case it would come to a short price in the betting, which would be altogether foreign to the plans of those working the scheme. On the other hand, it is desirable that as many of the horses in the race should be heavily backed at a short price as is possible, so that the bookmakers shall have no scarcity of money with which to pay the sums they have laid against the winner. As a general rule, in all great handicap coups, it is usual for one or two bookmakers to be in what is called "the swim," and these are generally selected because of their prudence; bookmakers do not, as a rule, wear their hearts on their sleeves.