Word: offtrack
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...There are lots of projects ongoing," Patricksaid. "We hope to make sure that they don't go offtrack...
Numbers games, sports betting and other forms of illegal gambling have been mushrooming, as Pete Rose's troubles testify. But the really explosive growth in the past 25 years has been in gambling that is completely legal: state- sponsored lotteries, offtrack betting parlors and the like. In fact, many believe that the growth of legal betting has spurred illegal wagering by spreading the idea that "it's O.K. to gamble." So, the more governments sponsor various forms of wagering, the more insistent grows a moral question: Should the states promote, encourage and even hype the nation's betting frenzy...
...recent Sunday, 10,000 cars ferried Tokyo's sporting set to the biggest turnout ever at the Nakayama Racecourse. The betting set a record of $44.3 million. "There's something unhealthy about the way they played it this year," observed one official at the Ginza offtrack betting center. That same day, 300,000 shoppers crowded the Mitsukoshi Honten, Tokyo's largest department store, to snatch up a record $8,900,000 worth of goods...
...feels that O.T.B. is getting too much of the recreation dollar. Fearful that O.T.B. will reduce betting at the tracks, they are urging that 2% of the corporation's handle be applied to the purses to maintain their present level. Under the present law the tracks get 1%. "Offtrack betting will cut into our attendance," insists George Morton Levy, president of Roosevelt Raceway, the first track that allowed off-track betting on a regular basis. "We'll have to reduce our staff, and finally the whole thing could go down the drain." The union representing the clerks...
...bull or bear, there is one sure way to get his goat: imply that investing is comparable to gambling. Howard J. Samuels, who is setting up a string of legal horse-race wagering parlors for New York City, did just that last week. He disclosed that his Offtrack Betting Corp. planned to run ads headlined: IF YOU'RE IN THE STOCK MARKET, YOU MIGHT FIND THIS A BETTER...