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Hardly has he realised it, before his friends are cheering and clapping him on the back. “By George, Charley, it takes you to pick ’em.” “Come and ‘ave a wet!” “You ‘ad a quid in, didn’t you, Charley?” The Oracle feels very sick at having missed the winner, but he dies game. “Yes, rather; I had a quid on,” he says. “And” (here he nerves himself to smile) “I had a saver on the second, too.”

His comrades gasp with astonishment. “D’you hear that, eh? Charley backed first and second. That’s pickin’ ’em if you like.” They have a wet, and pour fulsome adulation on the Oracle when he collects their money.

After the Oracle has collected the winnings for his friends he meets the Whisperer again.

“It didn’t win?” he says to the Whisperer in inquiring tones.

“Didn’t win,” says the Whisperer, who has determined to brazen the matter out. “How could he win? Did you see the way he was ridden? That horse was stiffened just after I seen you, and he never tried a yard. Did you see the way he was pulled and hauled about at the turn? It’d make a man sick. What was the stipendiary stewards doing, I wonder?”

This fills the Oracle with a new idea. All that he remembers of the race at the turn was a jumble of colours, a kaleidoscope of horses and of riders hanging on to the horses’ necks. But it wouldn’t do to admit that he didn’t see everything, and didn’t know everything; so he plunges in boldly.

“O’ course I saw it,” he says. “And a blind man could see it. They ought to rub him out.”

“Course they ought,” says the Whisperer. “But, look here, put two quid on Tell-tale; you’ll get it all back!”

The Oracle does put on “two quid”, and doesn’t get it all back. Neither does he see any more of this race than he did of the last one — in fact, he cheers wildly when the wrong horse is coming in. But when the public begin to hoot he hoots as loudly as anybody — louder if anything; and all the way home in the tram he lays down the law about stiff running, and wants to know what the stipendiaries are doing.

If you go into any barber’s shop, you can hear him at it, and he flourishes in suburban railway carriages; but he has a tremendous local reputation, having picked first and second in the handicap, and it would be a bold man who would venture to question the Oracle’s knowledge of racing and of all matters relating to it.