The Fair Hill Five: horse racing’s bizarre transatlantic betting coup – explained

Four horses with little record of success suddenly won in the US. A seemingly coordinated betting operation across London did too – and now racing authorities want answers To understand why horse racing on both sides of the pond has been gripped by the Fair Hill Five over the past week, start with a basic principle of betting: when two unlikely horses win in back-to-back races, a wager correctly picking both should pay off handsomely. Last Sunday at New Jersey’s Monmouth Park, it did not. The…