It would be easy to prove that all the successful race meetings of the period are, in a certain sense, "gate-money meetings—Epsom, Ascot, Doncaster, York, Goodwood, and Liverpool, as well as some others." The charges made for the accommodation of the patrons of these meetings are so high that they produce a large profit. The promoters of the sport can therefore well afford to allow all who cannot afford three or four guineas for the privileges of their stands and paddocks to see what they can of the sport for nothing, and thousands upon thousands avail themselves of the chances offered. To say that many hundred thousand persons obtain a gratuitous view of the Derby, Oaks, and St. Leger, is only to tell the truth.
As an argument, say some of the writers on this subject, what more would you have than the crowds which patronise the meetings of Manchester and Derby? They are four or five times larger than the crowds that assemble at Newmarket even to witness the Cesarewitch or Cambridgeshire. That is so, doubtless; but in reply it may be asked, what of the contributing area of population as between the two places? Newmarket has only a few thousand residents, but the Manchester racecourse, with its yearly half-dozen meetings, draws the spectators of racing from an immediate population of more than a million persons.
It is difficult to say how a race meeting should be constituted; it is a matter in which there is room for argument, and on which much may be said on both sides of the question; and as nothing succeeds like success, why should there not be gate-money meetings, if the people are willing to support them? So far as the writer knows, it is not the duty of any particular body of persons to provide gratuitous pastimes of any kind for the people, especially horse-racing, which is a sport of a very expensive description. The fact that the "gate meetings" recently opened "pay," settles the question, and renders any defence of the policy which has resulted in their establishment unnecessary. That they afford opportunity for a still greater amount of gambling, and that at some of them the "sport" is exceedingly poor, is only what, under such circumstances, is to be expected; still, as all familiar with the turf and its surroundings very well know, it is as easy, nay, easier, to institute a big gamble on a contemptible race as on a contest for a St. Leger.
The author has no intention of saying anything in the meantime about the modern meetings instituted during recent years, as for instance, those charming reunions held at Kempton and Sandown Parks. Some old race meetings, too, are also passed over without notice, such as that held at Stockbridge; a time may come, however, when it will be apropos to run over the racing records of such institutions, as also to furnish a brief record of several meetings that have been long since relegated to the domains of past history.
THE L. S. D. OF THE TURF.
I.
The question of greatest importance in connection with horse-racing is—does it pay? Does it pay to breed horses or buy expensive yearlings, and run them merely for the stakes which can be won? Certainly not! The race-horses of the period are mostly used for gambling with, and, on the average, do not earn in stakes enough money to pay trainers' bills and miscellaneous expenses. It is chiefly as factors in the "great game" that "yearlings" bring those extraordinary prices so often chronicled. Horses of utility do not fetch sensational sums as yearlings. Some of the animals, however, which bring small prices at the yearling sales may, if thought suitable, be bought for hunters, or for the use of ladies. Messrs. Sangers, of Astley's, have before now bought horses of choice strains of blood to perform in their circus.
How can horses which cost two thousand pounds and upwards be made to pay, except by betting? When an animal is not quite good enough to figure as a Derby or Cup horse, he may, as the phrase goes, be "bottled up" and kept to win a large sum of money in a big handicap. That is the way some men manage to make their horses pay; but even that plan is precarious, so many are playing the same game. As to winning money on the turf without betting, it has been shown that, with the aggregate expenses at double the sum which can be won, it is, as a rule, impossible. The majority of those now running horses on the turf are simply gamblers, many of them having gone into the business on a large scale.