This person put that bet up in the last minute.
So this person probably drastically changes the show pool size
which this person(s) would hopefully realized. So I guess they
are banking on some bad horses to come in along with their "winner"

But since the payout is the minimum, the other two horses in
the money most likely were horses that should have been at least close
to "in the money horses" as viewed by the public. Or they just did not
look at the show pool size before they bet.

I guess I see that as a perfectly horrible bet.
A less than 5% profit risking 200K... God help me.

I am a before the outcome is known kinda fella.

This betting entity had 200K; just pay Vito the grand for Christ sakes.

All fallacies in my reasoning appreciated...