Secretariat went off at 1-9...Because NY State parimutual rules mandate that a winning ticket must pay at least $2.20 for each $2 payout, the track was going to lose millions. That's because the state takes a big bite out of the parimutual pool before it's split up among the winners.
However, it turned out that the race was among the most profitable ever for the track. That's because some 90% of all $2 WIN tickets were never cashed...people kept them as souvenirs....you can still find them listed on E-Bay
Is that what Adam Smith would call the, “Invisible Hand?”