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Agua Caliente in Tijuana |
In 1987, Mark "Miami" Paul, who had been betting on horse races since his teens, tuned in to watch a race at New York's prestigious Saratoga racetrack. He couldn't take his eyes off Winning Colors, a two-year old filly who was bigger than most colts. She broke out of the gate and never lost the lead. Transfixed, he knew if she ever ran in his home state, California, he and his betting pal Dino would bet on her.
Though Miami worked as a realtor, by the time one rolled around, he'd tidied us his desk and could make the first race at Santa Anita with Dino.
"I only had one skill," he told US Bets. “That was knowing Dino Matteo, my best friend and the guy who introduced me to horse racing.
FIGURING THE ODDS
Miami knew a special horse when he saw one but Dino was brilliant, he said. "He always had an angle and always figured the odds. He read the racing form. He dithered over the horse’s past performance. He’d watch replays. He might not bet for a while but when he thought he had an edge, he'd bet with both hands.
"He was the best I'd ever seen.”
Winning Colors made it to California and was scheduled to run at Santa Anita later on that year. Watching her beat all the colts in numerous races energized both Miami and Dino and fanned their obsession with the filly. She kicked the stuffing out of every contender, race after race, taking first. The spell was cast: Maybe she could run in the Kentucky Derby.
THE KENTUCKY DERBY?
Their unlikely enterprise, planning six months in advance that an unknown soon to be three-year old filly could make the entrance requirements to the 114-year old Kentucky Derby, sounded Pollyanna-like in the extreme. Firstly, only two fillies had won the derby in the entirety of the race's history. And secondly, once entered, she’d have to win to bring home the bacon. The odds against her were high. Still they held on to hope.
One morning, Dino called Miami early. He was agitated, Miami said, and talking fast. "Listen, I was up all night running stats. She's so incredible she's starting to get noticed. They did a news article about her yesterday. The odds on her will change, soon. We've got to go to Tijuana, today."
Miami pushed back. "Vegas is closer and no border crossing."
UNBELIEVABLE ODDS
"She's 12 to 1 in the future book betting in Vegas," Dino said. "But down in TJ, she's 50 to 1 at Agua Caliente. This is a chance of a lifetime! Pick me up and bring all the money you have. We’ll each bet $2500. At 50 to 1 odds that gives us a payday of $250 grand."
Even as semi-professional gamblers, Miami wrote in The Greatest Gambling Story Ever Told, they'd had wins, but closer to $5000. He was skeptical. What were the chances an unknown filly could get entered in and win the Kentucky Derby? Plus he wasn’t flush at the time. Dino pushed back. "Just do it.”
Four hours later they were at the track’s gaming window, explaining they wanted to play their future book—Winning Colors for the 1988 Kentucky Derby, 50 to 1 odds. Dino asked the guy to confirm it.
"The teller's eyes lit up," Miami said. "He stared at Dino and asked, 'You want to bet $2500 dollars that a filly will win the Derby?'
"Dino said, 'Yeah, I know it's crazy but I still want to place the bet.'" The last thing Miami remembered was Dino counting out 50 hundred dollar bills.
THE PLOT THICKENS
Now they had to wait five months hoping Winning Colors could win races that would earn her a spot to qualify for the Derby. Miami ran into a friend and told him about his and Dino's bet.
The friend said, "Dude, do you know who owns Agua Caliente? A member of the Arellano-Felix drug cartel. The track owner, Jorge Hank Rhon, uses it to launder money. Even if they had that much money, what makes you think they're gonna hand over $250 thousand and let you waltz out of there? You guys are out of your minds."
Miami said he worried about it for a minute then thought, what are the actual chances of Winning Colors even getting into the Derby? First she has to run and win a series of stakes races. And she'd have to run against Goodbye Halo, an up and coming champion in the initial qualifier at Las Virgenes.
GOODBYE HALO
The Las Virgenes Stakes Race day came and Winning Colors lost to Goodbye Halo by a head. Dino was devastated. He was worried she had to go up against 19 colts and win come Derby day. She had one final shot to make it into the Derby and that was winning at Santa Anita Oakes in April where she'd run against the best colts on the West Coast. If she could come through that, she might have a shot at the Derby.
Santa Anita Racetrack exuded a typical sunny southern California vibe the day of the race and there was energy in the air. Miami and Dino were amazed at the crowd of seventy thousand filling the stands with women and girls who had come out to watch the filly run against the boys. She had a fan following."Girl Power"and "Go Girl Go" signs were everywhere.
FILLY POWER
"It was a cult scene,” Miami told an interviewer for Snap Judgment. "Winning Colors had gained a following. We just hoped she could remain calm.”
She was known to be bothered by loud noises. The fellow gamblers settled in to watch the race, hoping the fans' screams wouldn't affect her sense of well being.
"The other three-year olds were stirring and moving around in the cages, but Winning Colors was undisturbed. The race started, and she broke perfect like a waterfall out of a dam," Miami said. "She takes the lead from the beginning and she wins! By eight lengths! We're yelling, on to Kentucky!"
JOURNALIST DOWN
But cloud nine didn't last long. Two days later Dino called and told Miami a Mexican journalist nicknamed El Gato, Hector Felix Miranda, from a Tijuana magazine, Zeta, had been writing negative pieces about the owner of Agua Caliente, Jorge Hank Rhon. The journalist had been assassinated in his car, blown away by a shotgun blast enroute to work. The head of Agua Caliente security had been arrested for his murder along with Jorge Rohn's personal bodyguard.
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Hector Felix Miranda, journalist
Fear reared its ugly head smack dab in the middle of their dream. Miami started to fear for both his and Dino's lives more so than cashing in on a bet. Now journalists were dying. Dino however was not content to walk away as the filly's star continued to rise. He decided they’d go to TJ the day of the Derby and watch the race on Simulcast. They figured with thousands of people at the track, it was safer than going back a week later to collect a quarter of a million dollars with no one around.
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The race track was electrified on Derby day—mariachi bands mixed with revelers and street vendors. This Kentucky Derby in Louisville had attracted 135,000—the largest sports crowd in all the world. It was the toughest derby field in the last 30 years, and included an undefeated champion along with 16 notable colts. Winning Colors was the sole female entry.
SERENE ON SIMULCAST
Miami and Dino spotted Winning Colors on one of the Simulcast screens. She looked serene. This was it: the 114th Kentucky Derby. The starter gun sounded and they were off. Within a quarter mile, their filly was running away from the others. Right from the start she led the way. Turning towards home, she shortened her stride— she was tiring out, but she kept going. Down to the stretch, she hung on, and the photo finish proved her win by a neck. She won!
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Winning Colors wins the Derby
After initial jubilance, they knew they had work to do. They let the crowds settle before heading to the window to collect their earning. "Oh, a big one," the teller said.
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