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"The stilt-fighters are mostly Black Mountain mica-cutters," said Cauch. "The outsider who wagers on the bouts might as well drop his money into a hole."

Cauch gave his head a rueful jerk. "Still, we always hope. My brother's name-father won forty-two sequins at the eel-race some years ago. I must admit that for two days previously he burnt incense and implored divine intervention."

"Let's watch an eel-race," said Reith. "If divine intervention earns a profit of forty-two sequins, our own intelligence should produce at least as much and hopefully more."

"This way then, past the brat-house."

Reith was about to inquire what a brat-house might be, when a grinning urchin ran dose and kicked Reith on the shins then, dodging back, made an ugly face and ran into the brat-house. Reith looked after the child in wrathful puzzlement.

"What's the reason for that?"

"Come," said Cauch. "I'll show you."

He led the way into the brat-house. On a stage thirty feet distant stood the child, who upon their entrance emitted a hideous taunting squeal. Behind the counter stood a suave middle-aged Thang with a silky brown mustache. "Nasty tyke, don't you think? Here, give him a good pelting. These mud-balls come ten bice apiece. The dung-packets are six to the sequin and these prickle-burrs are five to the sequin."

"Yah, yah, yah!" screamed the urchin. "Why worry? He couldn't heave a rock this far!"

"Go ahead, sir, give it to him," suggested the operator. "Which will it be? The mud-balls? The dung-packets make a hideous reek; the brat despises them. And the thorn-balls! He'll rue the day he attacked you."

"You get up there," said Reith. "Let me throw at you."

"Prices double, sir."

Reith departed the brat-house with the taunts of both urchin and operator accompanying him to the reach of earshot.

"Wise restraint," said Cauch. "No sequins, to be earned in such a place."

"One can't live by bread alone ... but no matter. Show me the eel races."

"Only a few steps further."

They walked toward the sagging old wall which separated the bazaar from Urmank Old Town. At the very edge of the open area, almost in the shadow of the wall, they came to a U-shaped counter surrounded by two-score men and women, many wearing outland garments. A few feet beyond the open end of the U a wooden reservoir stood on a concrete platform. The reservoir, six feet in diameter and two feet high, was equipped with a hinged cover and emptied into a covered flume which ran between the arms of the U, to empty into a glass basin at the far bend. The attention of the players was riveted upon the glass basin; as Reith watched a green eel darted forth from the chute and into the basin, followed after a moment or two by eels of various other colors.

"Green wins again!" cried out the eel-master in a voice of anguish. "Lucky lucky green! Hands behind the screen, please, until I pay the winners! I am sorely hit! Twenty sequins for this Jadarak gentleman, who risked a mere two sequins.

Ten sequins for this green-hatted lady of the Azote Coast, who chanced a sequin on the color of her hat! ... What? No more? Is this all? I have not been struck so sorely as first I feared." The operator cleared the boards of sequins laid down upon the other colors. "A new race will now occur; arrange your bets.

Sequins must be placed squarely upon the chosen color, if you please, to avoid misunderstanding. I set no limit; bet as high as you please, up to a limit of a thousand sequins, since my total wealth and reserve is only ten thousand. Five times already I have been bankrupted; always I have climbed back from poverty to serve the gambling folk of Urmank; is this not true dedication?"' As he spoke, he gathered the eels into a basket and carried them to the upper end of the chute. He hauled on a rope which, passing over a frame, lifted the lid of the reservoir. Reith edged close and peered down into the pool of water contained within. The eel-master made no objection. "Look your fill, my man; the only mysteries here are the eels themselves. If I could read their secrets I would be a rich man today!" Within the reservoir Reith saw a baffle which defined a spiral channel originating at a center well and twisting out to the chute, with a gate to the center well which the eel-master now snapped shut. In the center well he placed the eels and closed down the lid. "You have witnessed," he called out. "The eels move at random, as free as though they traveled the depths of their native streams. They whirl, they race, they seek a ray of light; when I raise the gate all will dash forth. Which will win the race to the basin? Ah, who knows? The last winner was Green; will Green win again? Place your bets, all bets down! Aha! A grandee here wagers generously upon Gray and Mauve, ten sequins on each! What's this? A purple sequin upon Purple! Behold all! A

noblewoman of the Bashai backlands wagers a hundred value on Purple! Will she win a thousand? Only the eels know."

"I know too," Cauch muttered to Reith. "She will not win. Purple eel will loiter along the way. I predict a win for White or Pale Blue."

"Why do you say that?"

"No one has bet on Pale Blue. Only three sequins are down on White."

"True, but how do the eels know?"

"Herein, as the eel-master avers, lies the mystery."

Reith asked Zap 210: "Can you understand how the operator controls the eels to his profit?"

"I don't understand anything."

"We'll have to give this matter some thought," said Reith. "Let's watch another race. In the interests of research I'll put a sequin down upon Pale Blue."

"Are all bets made?" called out the eel-master. "Please be meticulous! Sequins overlapping two colors are reckoned to fall on the losing color. No more bets?

Very well then, please keep hands behind the screen. No more bets, please! The race is about to begin!"

Stepping to the reservoir, he pulled a lever which presumably lifted the gate in front of the spiral baffle. "The race is in progress! Eels vie for light; they cavort and wheel in their joy! Down the chute they come! Which is to win?"

The gamblers craned their necks to watch; into the basin streaked the White eel.

"Ah," groaned the operator. "How can I profit with such uncooperative eels?

Twenty sequins to this already wealthy Gray; you are a mariner, sir? And ten to this noble young slave-taker from Cape Braise. I pay, I pay; where is my profit?" He came past, flipping Reith's sequin into his tray. "So then, everyone alert for the next race."

Reith turned to Cauch with a shake of his head. "Perplexing, perplexing indeed.

We had better go on."

They wandered the bazaar until Carina 4269 went down the sky. They watched a wheel of fortune; they studied a game where the participants bought a bag of irregular colored tablets and sought to fit them together into a checkerboard; a half-dozen other games, more or less ordinary. Sunset arrived; the three went to a small restaurant near the Inn of the Lucky Mariner, where they dined upon fish in red sauce, pilgrim-pod bread, a salad of sea-greens and a great black flask of wine. "In only one phase of existence," said Cauch, "can the Thang be trusted: their cuisine, to which they are loyal. The reason for this particularity escapes me."

"It goes to demonstrate," said Reith, "that you can't judge a man by the table he sets."

Cauch asked shrewdly, "How then can a man judge his fellows? For example, what is the basis of your calculation?"

"Only one thing I know for certain," said Reith. "First thoughts are always wrong."

Cauch, sitting back, inspected Reith under quizzical eyebrows. "True, quite possibly true. For instance, you probably are not the cool desperado you appear on first meeting."