Horse Racing: Derby in the Air

Forget the mint juleps ($1.50 and keep the glass), the programs, hats and banners. The business to own at Churchill Downs when they run the Kentucky Derby on May 6 is the Ouija board concession. Without one, nobody is going to be able to pick a winner.

Something like 19,000 thoroughbreds are born every year in the U.S., and the odds against any of them even getting to the post in the Derby are at least 1,000 to 1. The way this year's three-year-olds have been knocking each other off, the odds against any of them winning—or even surviving—should be...

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