A Turn-up for the Books

This is a book. The glorious insanities of the English language mean that you can do all sorts of odd and demeaning things to a book. You can cook it. You can bring a criminal to it, or, if the criminal refuses to be brought, you can throw it at him. You may even take a leaf out of it, the price of lavatory paper being what it is. But there is one thing that you can never do to a book like this. Try as and how you might, you cannot turn up for it. Because a turn-up for the books has nothing, directly, to do with the ink-glue-and-paper affair that this is (that is, unless you’re terribly modern and using a Kindle or somesuch). It’s a turn-up for the bookmakers.

Any child who sees the bookmaker’s facing the bookshop across the High Street will draw the seemingly logical conclusion. And a bookmaker was, once, simply somebody who stuck books together. Indeed, the term bookmaker used to be used to describe the kind of writer who just pumps out one shelf-filler after another with no regard for the exhaustion of the reading public. Thomas More observed in 1533 that ‘of newe booke makers there are now moe then ynough’. Luckily for the book trade, More was beheaded a couple of years later.

The modern sense of the bookmaker as a man who takes bets originated on the racecourses of Victorian Britain. The bookmaker would accept bets from anyone who wanted to lay them, and note them all down in a big betting book. Meanwhile, a turn-up was just a happy chance. A dictionary of slang from 1873 thoughtfully gives us this definition:

Turn up an unexpected slice of luck. Among sporting men bookmakers are said to have a turn up when an unbacked horse wins.

So, which horses are unbacked? Those with the best (i.e. longest) odds. Almost nobody backs a horse at 1,000/1.

This may seem a rather counterintuitive answer. Odds of a thousand to one are enough to tempt even a saint to stake his halo, but that’s because saints don’t know anything about gambling and horseflesh. Thousand to one shots never, ever come in. Every experienced gambler knows that a race is usually won by the favourite, which will of course have short odds. Indeed, punters want to back a horse that’s so far ahead of the field he merely needs to be shooed over the line. Such a horse is a shoo-in.

So you pick the favourite, and you back it. Nobody but a fool backs a horse that’s unlikely to win. So when such an unfancied nag romps over the finish line, it’s a turn-up for the books, because the bookies won’t have to pay out.

Not that the bookmakers need much luck. They always win. There will always be many more bankrupt gamblers than bookies. You’re much better off in a zero-sum game, where the players pool their money and the winner takes all. Pooling your money began in France, and has nothing whatsoever to do with swimming pools, and a lot to do with chickens and genetics.

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