Horse Racing, Biggest Classic Coup, I dont get it, do you?

Question

Arnold Rothstein was at New York's Belmont Track when he had the brainwave that was to land him one of the biggest legitimate killings in racing history. Surveying hte crowds clustered round the bookies, he realised the men taking the bets would be too busy to think clearly as the big race action hotted up. He turned to trainer Max Hirsch and said, "what have we got running"?

The only horse with a real possibility of winning was a five yr old called sidereal, but Hirsch planning to scratch him for a bigger race the following week, had left him behind the stables.

'Get him here', snapped Rothstein. I'll get the money organised'.

The gangster took no chances that his men would be recognised. He borrowed 40 runners from acquaintances who owed him favors. They spread the best through all the on course bookmakers in small amounts.

Answer 1

That's correct. He had backed the horse at high odds, then layed off at much lower odds to the other bookmakers ensuring a guaranteed profit no matter what the result was.

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