Interesting story echokilo, I`ve often wondered how bookies worked before the legalisation of betting shops
I have heard stories from my grandad about how he used to place bets using a "bookies runner" which was a local lad who stood on the street corner collecting bets and passed them on to the bookie and unless you was at the actual race meeting the only way to find out if your horse had won was by the next days newspaper, and then you`d collect your winnings from the same lad the next day
A friend of mine takes bets in the pub from punters who can`t be arsed to walk over to the bookies, I asked him why he does it and he says that if ten people bet in a race, it`s unlikely that everyone bets on the same horse and if someone wins the payout comes from the other punters money, and if no one has backed the winner he`s quids in
He`s been hit a few times with a big payout but he says overall he always ends up infront
Do let us know if you find out anymore info