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Kentucky Derby: In Pursuit of a Fast Buck at the World's Most Famous Horse RaceAired May 5, 2000 - 1:26 p.m. ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
ANDRIA HALL, CNN ANCHOR: What's called "the fastest two minutes in sports"? Well, it begins at 5:27 p.m. Eastern time tomorrow. When they're over, one strong and beautiful thoroughbred will have won the Kentucky Derby and a few million gamblers will either be richer or poorer.
CNN's Eric Horng looks at the pursuit of a fast buck at the world's most famous horse race.
ERIC HORNG, CNN CORRESPONDENT (voice-over): At Churchill Downs, there's more riding on these horses than the jockeys.
HERM FEHLER, TELLER: My largest bet I ever took was about seven years ago. I took a $140,000 bet, and the guy did win, and he got back $380,000.
HORNG: Nationwide, 90 million bets are expected to be placed on the Kentucky Derby, 12 million of them at these windows at Churchill Downs. The big question, of course, which horse to choose?
UNIDENTIFIED FEMALE: Always bet on nautical things, like seas or captains or something like that.
UNIDENTIFIED MALE: Maybe someone's name, maybe someone I've known from my past, I'll bet on that. Maybe something I just heard the other day, I'll bet on that.
HORNG: Others swear by more sophisticated methods and make a living doing it. Handicapper Mike Watchmaker rates horses for the newspaper "Daily Racing Form." Many bettors follow his picks, but Watchmaker says amateurs can do well on their own if they follow the sport closely and study a horse's past performances.
MIKE WATCHMAKER, HANDICAPPER: There's nothing better than the feeling of a race you've handicapped, and it's played out just the way you thought it would play out, the horse wins, and you go to the window and you cash in. And for that moment, you really are king of the world.
(END VIDEOTAPE) HORNG: And in case you're curious about who Watchmaker likes for tomorrow, it is a horse by the name of Fusaichi Pegasus -- hard to say. He is the heavily favored horse for tomorrow in the Derby. He is going to try to become the first front-runner, the first favorite to win the Derby in about 20 years.
Natalie, Andria, back to you.
NATALIE ALLEN, CNN ANCHOR: Fusaichi Pegasus, go!
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