A confirmed bet cannot be off but by mutual consent, except in the case hereinafter mentioned.
Either of the betters may demand stakes to be made, and on refusal declare the bet to be void.
If a better be absent on the day of running, a public declaration of the bet may be made on the course, and a demand whether any person will make stakes for the absent party, and if no person consent to do so, the bet may be declared void.
Bets agreed to be paid or received in London, or any other specified place, cannot be declared off on the course.
If a match or sweepstakes be made for any specified day in any race-week, and the parties agree to change the day to any other in the same week, all bets must stand; but if the parties agree to run the race in a different week, all bets made before the alteration shall be void.
The person who lays the odds has a right to choose a horse or the field; when a person has chosen a horse, the field is what starts against him; but there is no field without one horse starts against him.
Bets and stakes made in guineas are paid in sovereigns.
If odds are laid without mentioning the horse before the race is over, the bet must be determined by the state of the odds at the time of making it.
Bets made in running are not determined till the plate is won, if that heat be not mentioned at the time of running.
A bet made after the heat is over, if the horse betted on does not start, is void.