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Waterloo Evening Courier in Waterloo, Iowa

27 May 1911

Page 8

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Waterloo Evening Courier May 27, 1911 Page 8 old newspaper archives

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Waterloo Evening Courier

Location

Waterloo, Iowa, United States of America

Date

May 27, 1911

Page

8

Parimutuel Betting Ring Questions the Sport's Future

A 1911 survey traces the rise of parimutuel betting at Pimlico and across North America. It notes the decline of professional bookmaking, the legality battles in New York and other states, and the spread of parimutuel systems in Canada Kentucky and Colorado. It explains early adoption, public sentiment, and key figures like Leonhard Jerome and George Wilkes shaping betting in the United States.

MENTIONED IN THIS ARTICLE

New York Herald Co United States Pimlico Track Baltimore Maryland Itaelf New York Illinois Missouri California Texas New Jersey Canada Jockey Club Ontario Jockey Club Toronto Kentucky Louisville Latonia Lexington Kentucky State Racing Commission Colorado
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Evolution of pari mutuel betting in American racing

The article traces early betting methods from 19th century English and American bookmaking, detailing how pools and scale percentages operated, the rise of the Mets, and the shift toward pari mutuel systems. It explains ticketing, commissions, payouts, and the contrast with traditional open betting, noting impacts on purses, racing integrity, and market dynamics at tracks like Jerome Park and in Louisville. It highlights opinions on efficiency, fairness, and risks for heavy bettors amid evolving regulations and technology.

MENTIONED IN THIS ARTICLE

America Leonanl W Jerome Grearge Wilkes France Wilkes Spirit of the Times Mets Sheepshead Bay Kentucky Germany Austria Jerome Park Nickajack Sarataia Iss2 Wiapokeneta Isk Limbo Thowith Branes Anle Rome Louisville Juarez Mexico Sten Itz Herbert Fitz Herbert Racing Association Madog Tien Brighton Beach Mutinels Owniet Fern Bert Beach Medweeb Ap Fizur Artinn
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Also Mentioned on This Page

Irisse Ea Ax H. P. MecGrath Aristkies Old Jerome Park Metropolitan Turf Association Wan Chicago Cincinnnati St. Jacis Philadelphia St. Louis Baulistilie Latonial Asmmend Ontario Canada Jockey Club Orial News Company Orms
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