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So the story is actually, "Some people placed bets on their pony to take first place, but as it cleared the last bend and approached the finish line, it was evident to everyone in the stadium that their pony was in dead last place. So they tried to convince someone else to buy their losing ticket off them, so their wife wouldn't find out when they got home." Ok. Well. Maybe not exactly right (because an oil future has a value after the end of the race, while a losing ticket does not), but I'm only 1/3 of the way through my first cup of coffee this morning...