Word: parimutuel
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Dates: during 1950-1959
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Racing is a sport and a business built largely on an unstable compound of chance and judgment: 1) the monetary chance-plus-judgment of race-betting, which last year drew some $2,064,572.984 across parimutuel counters, and 2) Mendelian chance-plus-judgment, which governs the horsemen's old and insatiable yearning to breed a horse with more speed and more stamina than the last one. Out of the mating of these two lines come numberless thrills, frequent beauties, many sorrows and not a few ills of commercial horse racing. Racing lives in constant worry of the anti-betting moralizers...
Among those indicted was Newsday's biggest target: Long Island's longtime Building Trades Boss (A.F.L.) William De Koning, "just about the richest labor leader in the world." who had got control of the raceway's three key unions (parimutuel clerks, police protection force, maintenance employees). De Koning's lawyer angrily placed the blame for his client's trouble, and gave Newsday the accolade it had waited for. Said he: "The bitter personal hatred of Union Organizer William De Koning by the managing editor of Newsday, Mr. Alan Hathway, has resulted . . . in scurrilous attacks...
...trouble centered around Yonkers Raceway, the nation's leading harness track, where million-dollar nights at the parimutuel windows are commonplace, and spectators outnumber the fans at Ebbets Field...
...Parimutuel. In Mobile, Ala., a highway cop spotted two cars racing at 80 m.p.h., pinched Drivers Johnnie Gamble and Noble Hurry...
...back at work again. The bureau reported, in tones of some admiration, that Dettmer actually did have a slightly unusual system: betting third-money choices at harness tracks to win and place. Rigid investigation disclosed that he had won every nickel of the extra money fair & square in legal parimutuel bets, had duly reported his winnings on his own tax return...