Rez,

Hope you are well. No Saratoga to catch up with anyone this year as backyard fans.

What if the gambler on leg 5 decided that he would hedge and placed bets to guarantee a profit to himself by placing bets on 3 uncovered runners let's say for an additional amount of capital? Wouldn't this fall under some promissory estoppel or detrimental reliance theory that he could at least recover these amounts back? I think ADW would be forced to pay back these extra amounts gambled in that scenario. Is it worth the time and effort is a different question.