IRISH SWEEP
A LONDON SCHEME. (United Press Association—By Electric Telegraph- Co py r ; gh t. J LONDON, .Miireli. 20. A unique s.ndieato scheme organised by London business men lias been revealed in connection with tlq> Irish Free Slide .Sweep Stakes. It reads akin to the best. bet.ting system devised. Briefly I,lie. syndicate pinns to purchase a half share in each runner in the Grand National, thereby assuring a half-share in tlm three main prizes, totalling six hundred thousand sterling and half a slum' in the prizes of the remaining runners, totalling ovc ly thousand. The syndicate would thus receive (J310.OIK), from which I here will be deducted the amounts paid to the various holders of horses.
The syndicate estimates that it will make a profit of L 125,00(1. In the event of their syndicate proving unable to purchase a share in aTI of the tickets, they will back the hors-
es concerned to win proportinnte amounts, if they lmv<. to back the larger number of the horses, they expect that tills may reduce (heir profits to sixty thousand ; hut, in any event they are bound to win. The syndicate has already cabled to every bolder, and forty per cent, of the holders have accepted their proposition.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19310327.2.70
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 27 March 1931, Page 6
Word count
Tapeke kupu
206IRISH SWEEP Hokitika Guardian, 27 March 1931, Page 6
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in