He stood either to make a very good thing on it or to be very heavily bit.

There could be no medium.

He never hedged in his life; and as it was almost a practical impossibility that anything the foreign stables could get together would even be able to land within half a dozen lengths of the King.

Cecil, always willing to console himself, and invariably too careless to take the chance of adverse accident into account, had come to Baden, and was amusing himself there dropping a Friedrich d'Or on the rouge, flirting in the shady alleys of the Lichtenthal, waltzing Lady Guenevere down the ballroom, playing ecarte with some Serene Highness, supping with the Zu-Zu and her set, and occupying rooms that a Russian Prince had had before him, with all the serenity of a millionaire, as far as memory of money went; with much more than the serenity in other matters of most millionaires, who, finding themselves uncommonly ill at ease in the pot-pourri of monarchs and ministers, of beau-monde and demi-monde, would have given half their newly turned thousands to get rid of the odor of Capel Court and the Bourse, and to attain the calm, negligent assurance, the easy, tranquil insolence, the nonchalance with Princes, and the supremacy among the Free Lances, which they saw and coveted in the indolent Guardsman.
Bertie amused himself.

He might be within a day of his ruin, but that was no reason why he should not sip his iced sherbet and laugh with a pretty French actress to-night.