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Word: parimutuel (lookup in dictionary) (lookup stats)
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...month ago, bookmakers were embarrassed when a horse named Linden Tree won a race at Agua Caliente at the surprisingly long odds of 9 to 1. They suspected that someone had "tampered" with the parimutuel betting machines- i. e., bet a large amount on other horses in the race at the last minute, to make the odds on Linden Tree go up. Three days later, Baron Long, hotelman and part-owner of the Agua Caliente track, admitted he had done the tampering. He said he had done it for a joke, to revenge himself on bookmakers who had played...

Author: /time Magazine | Title: Sport: Long Story | 2/22/1932 | See Source »

When the Florida State Legislature passed, over Governor Doyle E. Carlton's veto, a bill to legalize parimutuel betting, Sports Gallagher & Dwyer last spring formulated plans for a track to compete with Hialeah. They bought a disused dog-track at Coral Gables, got Frank J. Bruen, onetime Hialeah general manager, to run it for them. When the State Racing Com-mission met last fortnight, it cut Hialeah's customary racing season of 45 days to 36, gave the new track a non-conflicting schedule of 37 days, starting on Dec. 26 before the Hialeah season and resuming after...

Author: /time Magazine | Title: Sport: Sportsman v. Sports | 12/21/1931 | See Source »

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