“Paddy Power is paying out to customers who backed Hillary Clinton,” I read. Reminds me of another story about election day bets that make punters sweat.

Early in the evening of November 8, 1932—election day, that year—Sam Lamport was running around Democratic National Committee headquarters in mid-Manhattan (just by Grand Central Terminal) trying to find Bob Jackson—not the judge, the other one; the judge, who would later be Franklin D. Roosevelt’s attorney general, chief Nuremberg prosecutor, and Supreme Court Justice, was known to Democrats of the day as “the good Bob Jackson,” while this one—the shrewd political operator, DNC Secretary, cultivator of attractive actresses and general Prohibition scofflaw—was known simply as “Bob Jackson.”

Lamport had a lot of money, did well in the textile business, and backed Roosevelt through the campaign. He was also a serious Ivy League jock, decent-sized man—had played quarterback for Brown—unusual for a Jewish fellow. And in an expansive moment late in the campaign, he had bet $1000 to Jackson’s $100 that Hoover’s beating wouldn’t be so awful that the president couldn’t win more than six states.

But with early returns coming in, it looked bad for Lamport’s 10:1 bet. So he finally found Jackson, pulled out a roll of bills, and said, “I’ll give you $200 to be let our of our bet.”

Jackson didn’t get to be not-good “Bob Jackson” for nothing. Although he thought it would be “a minor crime” and perhaps preying on Lamport’s generosity, you see, to take him for $1000, he also thought it was a poor businessman who took a first offer. “Make it $300,” he said.

Lamport didn’t stop a moment, but peeled off another $100, and was glad to be shut of the bet. Good thing for him, too.