and by thesm frontline journaund, with major support from jon and jo ann hagler. (bugle playing "call to the post") >> on the track for thfourth race today... scratch 13, 14, 15, and 16. (horse neighing) onto the turf is firm. six minutes. >> martin smith: this is a story about gambling and making bad bets. it's about having your retirement, that you thought was secure, go south. ky we came here to kent because kentucky's pension system-- for its police,gh firers, teachers, and other public workers-- is among the worst-funded in the nation. >> number three is promises fulfilled, owned by robertn, barained by... >> smith: with our interest in pensions, we of course noticeded a horse ca promises fulfilled. i decided to place a bet on it. so this promises ffilled, what do we think about that horse? it's like a long shot. >> sounds like a disappointmenty >> well, tod, i think a long shot has a chance with the... >> smith: yeah, yeah, with the mud and all, i know. >> the horses are on their way to the starting gate, less than a minute.wd (cro cheering) >> smith: we'rin