MELBOURNE CUP.

Hawke's Bay Herald-Tribune, Volume 81, Issue 42, 12 November 1937, Page 15

MELBOURNE CUP.

Mr. Eccl^s's iWinnin^ CLUB STAFF, BENEF1TS MELBOUBNE, Nov. 3. Mr. E. Ecoles, owner qf Th© Trump,' was the central figur© jn the settling to-day over yesterday's racing. It has been estimated that the successeg of The Trump have returned the stable. in wagers and stakes abput £50,000. ^ Hp ig of an imperturbable diippsition, even though he wins a fortune or loses .-heavily, hut- the glgmour »f wintiing a Melljourne Cup caused an unbendmg. One of his a'cts of pn|qrtainment was >to arrangp fpr an increase of £l i? the wageg of the staff of his club. Mr. E'ccles is a fearjess bettor. He is reputed .to have bicked The Cypher for £70,000 when that" hprse was hqat,eu by King Ingo^a in the hfelbourne Cup'This "year he "supported The Trump for the Caulfield and Melbourne Cups separalely. He had not baphod him for the Melbourne Cup. when he won the Caulfield Cup, and he had not epuglpd him in doubles. . He was assisled in the backing of the horse by the desire on the part of a Victorian to hedge a ticket transaction by which he stood to w.in £50,000 in the event of The Trump winning the Cup. It was desired to bet £25,000 against The Trump, hut the mqve was made too late, and only ahout £13,000 to £1Q00 was laid. It is understood that stable commissioners profited by the extended odds, for at the time The 'Trump. was quoted at 7 to 1. When the weights first appeared the double, The Trump twiGe, was quoted at 3500 to 1, and that quotation was laid for a very small amount. Thq same double was laid at 5QQ to 1 after The Trumpi had "Wpn tbe M§lakoR Btakes in August. At tEat tim© bb was at 33 to 1 for the Caulfield Cup, and at 33 tp 1 for the Melbpurne Cup. Bookmakers never want to lay the one horse for two rqces, and shortly before. the Caulfield Cup, Tbe Trump was ft 1QQ tp 1 fo? the dQhble.