All BETS are for the best of the plate, where nothing is said to the contrary.
For the BEST of the PLATE, where there are three heats run, the horse is deemed SECOND best who wins ONE.
For the BEST of the HEATS, the horse is second that beats the others twice out of three times, though he does not win a heat.
In all BETS, either bettor may demand STAKES to be made; and on refusal, declare the bet void. A confirmed BET cannot be off but by mutual consent.
If one of the PARTIES is absent on the DAY of RUNNING, a public declaration may be made of the BET upon the Course, accompanied with a demand, whether any person present will make STAKES for the absent party, which proportion not being acceded to, the bet may be declared void.
Bets agreed to be paid or received in town, or at any other particular place, cannot be declared off on the Course.
If a MATCH is made for any particular day, in any meeting at Newmarket, and the parties agree to change the day, all bets must STAND; but if run in a different meeting, the bets made before the alteration are void.
The person who lays the ODDS, has a right to chuse his HORSE or the field.
When a person has chosen his horse, the field is what starts against him; but there is no field, if the horse so named has no opponent.
Bets made for POUNDS, are always paid in GUINEAS.