I am indebted to several friends and readers for copies
of the latest circular issued by Tote Investors' Limited, Chairman, Lord Milford. I agree that it is a most interesting document: What could be more engaging than the opening gambit: " Dear Sir/Madam, If we were asked for our advice about betting, like Mr. Punch, we would probably answer, DON'T.' .. .? "
Would they really? Then what would happen to the shareholders, in Tote Investors' Ltd.? However, their advice hasn't been asked, so they can go on to say in effect (though actually in the suavest and most seductive diction), " Bet with us." And there is encourag- ing reference to " the Official Totalisator," " the Race Course Betting Control Board, the Statutory Body responsible for the operations of the Race Course Totalisators." It sounds almost gilt-edged. Well, my advice hasn't been asked, either. If it were I should say, " DON'T," without any " probably " about it at all.
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