Wooster bumps into Bingo and his uncle Old Bittlesham in St James' Street. Old Bittlesham has received a threatening letter in an uneducated hand. Bingo and his uncle think that the culprit is a man with a beard. So Bingo with the help of £50 offers to sort the matter out. Instead he puts the £50 on Ocean Breeze a horse owned by his Uncle running at Goodwood. Also at Goodwood was the 'man with the beard' on his soap-box. He turned out not to be all that he appeared to be with hilarious results.
Bingo Has a Bad Goodwood
From "The Inimitable Jeeves - Vol 1"