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I thought this was going to be about the team that "hacked" the Autotote system to produce winning tickets on races already run. Their downfall was winning a jackpot in the millions, on the pick-6 at the Breeders Cup, with a betting pattern that was severely un-natural.

https://en.m.wikipedia.org/wiki/2002_Breeders%27_Cup_betting...

Odd... I could have sworn the worlds greatest horse racing cheat (and sports betting cheat in general) was Biff Tannen (https://backtothefuture.fandom.com/wiki/Biff_Tannen#The_alte...)
This is so much more creative and effort intensive, versus say, what Bob Baffert does with milkshaking & doping horses in modern racing.