ahudina wrote:
Somehow my response did not show up. In response if there is an inquiry or protest at the concludion of a race no bets are paid out until the inquiry is resolved and the results posted as final.
Agree!
Until the just finished race is declared "OFFICIAL," nobody can collect their winnings. If none of the stewards asked for an inquiry and no objections received by the officials from any of the jockey, trainer, owner of the participating horses, then the race is declared, "OFFICIAL." Only there and then can the winning bets be collected. OTOH, if an inquiry or objection is received, the officials will review the tape to see if there is any validity to the objection and make the necessary changes or none at all. While the officials are reviewing the tape, the race remains, "UNOFFICIAL."
In the case of the last Kentucky Derby, it looks like #20 (Country House's Jockey) with support from # 18 (Long Range Toddy's Jockey) objected to the UNOFFICIAL result (#7, Maximum Security winning the race) claiming he (#7) obstructed his path that affected his momentum and his chance of winning the race. The officials reviewed the tape and agreed with him (#20). He was then declared the winner and #7 was disqualified.
After arriving at this decision, the race was then declared, "OFFICIAL" with the results as follows: #20 as the winner, #13 (Code of Honor) moved up to number 2, #8 (Tacitus) moved up to number 3, and #5 (Improbable) moved up to number 4. Number 7 was DQ. This is the only time that winners can start collecting their winnings. It is therefore important to hold on to your tickets until the race is declared, "OFFICIAL."
The offshoot of this happening is that, #20 (Country House), a long shot to win the KY Derby, is now the only horse who has the chance to win the Triple Crown (KY Derby, Preakness and Belmont), while #7 (Maximum Security), the odds-on favorite to win the KY Derby, a really fast horse, and the horse with the highly favorite to bag the Triple Crown, lost his chance. With a better jockey, he'll probably take the Preakness and Belmont but a small consolation.