Bet (wager)

Definition and stakes

John Philip Quinn,  Fools of Fortune; or, Gambling and Gamblers

“ If he bets on the winning color, the bank pays him an amount equal to the sum staked, which latter, of course, he receives back. If he selects a particular jack and the one on which he has placed his wager happens to win, his stake is returned to him, together with an increment of ten times the amount. If he places his wager on the blank space to the right he is understood to have bet that some one of the four jacks will win, and if his hazard prove successful, his gains are measured by a sum twice that of his original bet. ”
Source: Gutenberg

John Philip Quinn,  Fools of Fortune; or, Gambling and Gamblers

“ The players simply wager any amount which they may choose on the odd or even number. In case the bettor loses, the amount of his stake is taken by the banker or “house;” should he win, he receives the sum bet minus a small percentage. In theory this game is perfectly fair, but as in almost every gambling game, sharpers have introduced a fake element, whereby the result may be manipulated. ”
Source: Gutenberg

John Philip Quinn,  Fools of Fortune; or, Gambling and Gamblers

“ He doesn’t believe in betting on a friendly game; money is not so easily made that it can be thrown away, etc., etc. But this is so artfully said as to stimulate rather than to check the greenhorn’s desire to bet. A little more conversation almost invariably results in the making of a wager, the limit of which is determined by the purse and the verdancy of the victim. The stakes having been placed the game proceeds. ”
Source: Gutenberg

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