"You do realize Frac Daddy has never set foot (hoof?) in Montana, right?"
No. I didn't, but it wouldn't have made any difference. I follow horse racing as much as I follow the NBA, but I do know the odds don't mean Jack. You bet the story, the jockey or your favorite color and you probably stand the same chance of winning as the guys who sit in the casinos all day pouring over racing forms.
In the 2009 Kentucky Derby, you had the story of "Mine that Bird", a $10,000 horse. His owner, sporting a cast on a broken foot, loads the animal up in a horse trailer in New Mexico and drags him 1200 miles behind his pickup truck to Churchill Downs. On top of that you get the jockey, Calvin Borel, 50-1 odds and a whole gaggle of Saudi princes who had million $$$ horses entered.
How can you NOT bet that?