The ring

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The body of sporting men who bet on horse races
The prize ring.

See also: Ring, Ring

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in classic literature ?
Only no one knew where the ring was hidden, nor was there any sorcerer or learned man to be found who would be able to explain the inscription.
At last a young man, with a good heart and plenty of courage, set out to search for the ring. He took his way towards the sunrising, because he knew that all the wisdom of old time comes from the East.
"I thought I did," replied Athos; "but no doubt I was mistaken." And he returned D'Artagnan the ring without, however, ceasing to look at it.
D'Artagnan took off the ring, giving it again to Athos.
So Sir Richard got down from his horse and went with the others to the bench raised beside the ring.
Now there had been great doings that morning, for a certain yeoman named Egbert, who came from Stoke over in Staffordshire, had thrown with ease all those that came against him; but a man of Denby, well known through all the countryside as William of the Scar, had been biding his time with the Stoke man; so, when Egbert had thrown everyone else, stout William leaped into the ring. Then a tough bout followed, and at last he threw Egbert heavily, whereat there was a great shouting and shaking of hands, for all the Denby men were proud of their wrestler.
Now the shepherds met together, according to custom, that they might send their monthly report about the flocks to the king; into their assembly he came having the ring on his finger, and as he was sitting among them he chanced to turn the collet of the ring inside his hand, when instantly he became invisible to the rest of the company and they began to speak of him as if he were no longer present.
"The bull is killed many times in the bull-fight, and the bull does not come into the the ring out of desire.
If my view of the case is correct, and I have every reason to believe that it is, this man would rather risk anything than lose the ring. According to my notion he dropped it while stooping over Drebber's body, and did not miss it at the time.
"When I said 'appears' I meant that it was conceivable that he had himself taken off the ring."
"That a man bets ten dollars at the ring side that I win against six dollars another man is betting that I lose."
At last, having duly performed the ceremony, having signed the rings with the cross, the priest handed Kitty the big ring, and Levin the little one.