It could conceivably be that of a racegoer / punter who has backed the inept and drunken jockey shown the perspective shown in the picture is in fact that of the spectator, albeit observing the jockey looking at the fence ahead of him .)
12.
Binoculars, as much a part of the traditional racegoer's outfit as a plaid coat, are in danger of becoming relics as more and more fans follow the action on television in off-track betting facilities and tracks themselves install more and more TV screens.