Word: mutuel
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...before he got around to quitting, Pensive won the 1944 Kentucky Derby for him (at a $16.20 mutuel). That summer, Pensive bowed a tendon and was retired to stud. (He died last week.) By then Ben was busy with a Calumet filly named Twilight Tear, who struck a stride which finally carried her to 1944's Horse-of-the-Year title...
...California's Santa Anita, in a ground fog that hid the field from sight part way down the back stretch, Kentucky-owned Old Rockport came from behind to win the $100,000 Santa Anita Derby. The most exciting thing about Old Rockport's victory: his mutuel price...
Alfred Gwynne Vanderbilt was on hand to watch two fillies carry his cerise & white diamonds in their maiden tests (they finished one & two); so was Warren Wright, whose Citation, Coaltown and Free America would all race in the 18-day meeting. Hidden in the crowd near the pari-mutuel betting windows, two Pinkerton agents ignored racing's big names and kept their eyes on the bald bookie in suede shoes...
...investment is worthwhile: by discouraging bookmakers from plying their trade at the track, the Pinkerton men increase the take at the pari-mutuel windows (average day's total: $1,800,000). And by hunting down touts-who start most of the rumors about fixed races-the Pinkerton men help maintain public confidence in the New York tracks...
...Grady recovered the roll with the rubber bands still intact. Another time, a temporarily well-to-do businessman suddenly decided to "invest" his savings of $80,000 in one glorious day at the races. Two special agents who spotted the man peeling off thousand-dollar bills at a pari-mutuel window put a purposely obvious "tail" on him, so that every footpad within miles would keep hands off. The businessman got home safely-but broke...