“Well, Watson, let's look at the case. First, we have a racehorse, Silver Blaze – only five years old, but already a winner in many big races, his owner, Mr. Ross, is a happy man – and rich. The racegoers are happy too. Silver Blaze nearly always wins his races, and so people put big bets on him to win. And when the favorite wins the race, a lot of people make money on their bets. But what happens when the favorite doesn’t win, Watson? What then? ”