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I address myself directly, and with all the earnestness of which I am capable, to those young simpletons who think that it is a fine and knowing thing to stake money on a horse. Some poor silly creatures cannot be taught that they are not even backing a good chance; they will not learn that the success or failure of horses in important races is regulated by a clique of rapscallions whose existence sullies the very light of day. Even if the simpleton chooses the very best horse in a race, it by no means follows that the creature will win–nay, the very excellence of an animal is all against its chances of success. The Ring–which is largely composed of well-to-do black-legs–will not let any man win too much. What earthly chance can a clerk or shopman or tradesman in Manchester or Derby have of knowing what passes in the hotels of Newmarket, the homes of trainers, the London betting-clubs? The information supplied so copiously by the sporting journals is as good as money can buy, but the writers on those papers are just as easily deceived as other people. Men are out every morning watching the horses take their exercise, and an animal cannot sneeze without the fact being telegraphed to the remotest corners of the country; but all this vigilance is useless when roguery comes into the field. Observe that for the moment I am not speaking about the morality of betting at all. I have my own opinion as to the mental tone of a man who is continually eyeing his neighbour’s pocket and wondering what he can abstract therefrom. There is, and can be, no friendship save bottle friendship among the animals of prey who spend their time and energy on betting; and I know how callously they let a victim sink to ruin after they have sucked his substance to the last drop. The very face of a betting-man is enough to let you know what his soul is like; it is a face such as can be seen nowhere but on the racecourse or in the betting-club: the last trace of high thought has vanished, and, though the men may laugh and indulge in verbal horse-play, there is always something carnivorous about their aspect. They are sharp in a certain line, but true intelligence is rarely found among them. Strange to say, they are often generous with money if their sentimental side is fairly touched, but their very generosity is the lavishness of ostentation, and they seem to have no true kindness in them, nor do they appear capable of even shamming to possess the genuine helpful nature. Eternally on the watch for prey, they assume the essential nature of predatory animals; their notion of cleverness is to get the better of somebody, and their idea of intellectual effort is to lay cunning traps for fools to enter. Yes; the betting-ring is a bad school of morality, and the man who goes there as a fool and a victim too, often blossoms into a rogue and a plunderer.

With all this in my mind, I press my readers to understand that I leave the ethics of wagering alone for the present, and confine my attention strictly to the question of expediency. What is the use of wearing out nerve and brain on pondering an infinite maze of uncertainties? The rogues who command jockeys and even trainers on occasion can act with certainty, for they have their eye on the very tap-root of the Turf upas-tree. The noodles who read sporting prints and try to look knowing can only fumble about among uncertainties; they and their pitiful money help to swell the triumphs and the purses of rascals, and they fritter away good brain-power on calculations which have no sound basis whatever. Let us get to some facts, and let us all hope in the name of everything that is righteous and of good report that, when this article is read, some blind feather-brains may be induced to stop ere the inevitable final ruin descends upon them. What has happened in the doleful spring of this year? In 1887 a colt was brought out for the first time to run for the greatest of all Turf prizes. As usual, some bagatelle of a million or thereabouts had been betted on a horse which had won several races, and this animal was reckoned to be incapable of losing: but the untried animal shot out and galloped home an easy winner. So little was the successful brute distressed by his race that he began to caper out of sheer light-heartedness when he was led back to the enclosure, and he very soon cleared the place in his gambols–in fact, he could have run another race within half an hour after the first one. In the autumn this same winner strained a ligament; but in spite of the accident he ran for another important prize, and his lightning speed served him in good stead, for he came in second for the St. Leger. Well, in the spring this animal was entered in a handicap race, and the weight which he had to carry seemed so trifling that good judges thought he must romp over the course and win with ease. Hundreds of thousands of dolts rushed to wager their money on this chance, and the horse’s owner, who is anything but a fool, proceeded to back his own property lavishly. Now a certain number of the betting-rogues appeared to know something–if I may be pardoned for using their repulsive phraseology–and, so long as any one was willing to bet on the horse, they were ready to lay against him. Still the pigeons would not take warning by this ominous symptom; they had chances enough to keep clear of danger, but they flocked into the snare in their confused fashion. A grain of common sense would have made them ask, “Why do these shrewd, hard men seem so certain that our favourite must lose? Are they the kind of persons who risk thousands in hard cash unless they know particularly well what they are doing? They bet with an air of certainty, though some of them must be almost ruined if they have made a miscalculation; they defy even the owner of the animal, and they cheerfully give him the opportunity of putting down thousands if he wishes to do so. There must be some reason for this assurance which at first sight looks so very overweening. Better have a care!”