"What word?"

"Well, the Hanniston fellows have brought over some money with which to back up the howls they're making for their team. They're offering odds of ten to six that Hanniston wins."

"They stand to lose a lot of money," grinned Hepson.

"But here's the funny part of it," continued Waite. "You know, when the townspeople in Annapolis think they have a really good thing on us, they cover the money of visitors in any wagers on the games."

"Then here's hoping that the Annapolis townspeople win a lot to-day," laughed Midshipman Hepson.

"Yes, but," returned Waite, "what I hear from town is that the Annapolis townspeople have been driven to cover; that they aren't taking up the offers of the visiting Hanniston boys."

"Too bad!" sighed Dave Darrin. "And Annapolis needs the money so badly, too."

"Are we going to win?" asked Waite bluntly.

"Too early to tell you," replied Hepson coolly. "Ask me at supper to-night. But the townies won't wager any money on us this year, eh?"

"The Annapolis people have put up some, but not much," replied Waite.