CNN Somebodys Gotta Do It With Mike Rowe September 28, 2015 02:55:00
>> matt william came here in 1902, and he turned out to be the most important person for the derby and churchill downs. >> he changed the wagering system to paramutual bidding, and that is latin. i always have been baffled by making money at the track, and fortunately, gary takes care of the high rollers that comes to the downs. >> it means wagering among others, so if you think you are smarter than the rest of the other people you can get a better price for your horse and you are wagering against everybody else. >> gary spent a really, really long time trying to explain how the betting works....
Source: archive.org