So now that the Kentucky Derby winner Medina Spirit has failed a drug test, I can cash my bet on the second-place finisher, Mandaloun. And my buddy who bet Medina Spirit will have to return his winnings, right? Betting rules at horse racing tracks, off-site wagering venues and internet sites are very clear in cases like this. Winners can collect their cash, and losers can tear up their tickets. Derby bettors have long since folded up their cash, or maybe spent it on a round of drinks.

Source: New York Times May 10, 2021 12:30 UTC