PERHAPS THE HORSE LIKES TO DRINK ALOT AFTER LOSING...
AND GOT HOT AROUND THE COLLAR.....
OR THE OWNER MORE LIKELY
The word "toddy" comes from the toddy drink in India, produced by fermenting the sap of palm trees. Its earliest known use to mean "a beverage made of alcoholic liquor with hot water, sugar, and spices" is from 1786.
Hot toddy -