Monday, November 29, 2010

The 1887 World Series: Down-Town Betting

The betting on the game at the various base-ball exchanges and pool rooms yesterday was lively, and the amount wagered on the result of the first contest between the clubs was placed from $10,000 to $15,000 in the city alone. In the morning the betting favored the Detroits, the backers of the Wolverines offering odds of $13 to $10. There was no scarcity of Brown money, however, and cards at these odds were penciled fast. Several large bets were made in the morning and before the game commenced in the afternoon. One of $1000 to $700 and another of $500 to $300 were recorded at one place, and others equally as large were registered at the other pool-rooms. After the first inning, when the score was 2 to 0 in the Browns' favor, the betting was even, but even at this stage of the contest there was not an overabundance of Detroit funds. The odds remained unchanged until the result of the fifth inning was made known, and then the Wolverines' backers had dwindled almost out of sight, and although offers of $100 to $35 on the Browns were made they found no takers. As the game progressed the backers of the home team grew more liberal in their offers and were willing to give almost any odds. Several of the more enthusiastic Brown cranks bet $10 to $50 that the Detroits wouldn't make a run, but all such propositions were quickly snapped up. The pool-rooms were filled by an anxious crowd of speculators all the afternoon, and every good play on either side was loudly applauded.
-St. Louis Globe-Democrat, October 11, 1887

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