Word: pari
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Dates: during 1940-1949
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...Straus, 53, president of Tropical Park race track since 1941; in a private-plane crash; near Port Deposit, Md. Turfman Straus made a fortune in royalties out of his invention, the American totalizator, a complicated (1,500,000 moving parts) electrical device which automatically calculates the odds in pari-mutuel betting...
...shoeless ones"-the great middle-class portion of the crowd which is popularly supposed to bet its shoes and go home barefoot. When a start is bad or a favorite jostled, the crowd has been known to set fire to the beer stands dotting the infield, pull the pari-mutuel booths up by the roots and send the swells across the track fleeing...
...over $8,000,000 annually to Louisville merchants); after an operation; in Louisville. A straight-bourbon man, Horseman Winn credited his longevity to the fact that he never drank until noon, boasted that after taking over Churchill Downs in 1902, he never placed a bet (although he introduced the pari-mutuel betting machine) or owned a horse...
Said one listener: "I bought a straight pari-mutuel ticket: Heifetz to win, Piatigorsky to place and Rubinstein to show. I damn well lost. In music like this there could not be a winner or a loser." Said another: "You didn't know whether to shout or bow your head...
...Grady recovered the roll with the rubber bands still intact. Another time, a temporarily well-to-do businessman suddenly decided to "invest" his savings of $80,000 in one glorious day at the races. Two special agents who spotted the man peeling off thousand-dollar bills at a pari-mutuel window put a purposely obvious "tail" on him, so that every footpad within miles would keep hands off. The businessman got home safely-but broke...