Go for the gloves
The Slang Dictionary Etymological Historical and Anecdotal · 1913 · p. 11
to lay against a horse on the chance of its losing, without having the wherewithal to pay if it wins. Probably from the custom of ladies who bet GLOVES , and expect, as the racing men say, to “stand them to nothing,” i.e. , to be paid if they win, but not to pay if they lose. This is a last resource of the bankrupt turfite; and the big handicaps at the end of the year, the Cesarewitch and Cambridge shire, offer both temptation and opportunity to those who can only hope to recoup themselves for their previous lo es by “ GLOVING IT ” succe fully. When, in the sporting papers it is stated that a settling at Tattersall’s was more than usually unsatisfactory, it may be fairly a umed that the GLOVES have not been won by those who most desired them.
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