A Quiniela (or Quinella)

I finally tried the pari-mutuel betting option popularly pronounced quinella, with some success. For a minimum of $2, you can wager which horses will finish first and second, in either order.

Our race had six entries, so I bet our horse with each of the others. . . a $10 investment. When he finished second, and a long shot won, I pocketed $51.20. Obviously, that was the most fortuitous outcome, but I suspect the worse would have been breaking even, and "as we all know," Breaking Even is horse racing's middle name, except for Arab sheiks and Redford and Newman in "The Sting."