“Thanks, I only take interest in the classic races.”

“You can’t make any money over them,” said Val.

“I hate the ring,” said Jolly; “there’s such a row and stink. I like the paddock.”

“I like to back my judgment,” answered Val.

Jolly smiled; his smile was like his father’s.

“I haven’t got any. I always lose money if I bet.”

“You have to buy experience, of course.”

“Yes, but it’s all messed-up with doing people in the eye.”

“Of course, or they’ll do you—that’s the excitement.”

Jolly looked a little scornful.