It is a tradition of sorts on Triple Crown day to make a $2 wager on the horse going for immortality (this year it's California Chrome) to win the Belmont Stakes with the idea of never cashing the ticket. Why? You own a piece of history. Why else? A $2 win ticket on the day of the race would yield its holder a profit of likely less than $1. But if there's no triple crown for another 10, 20 or 36 years, that ticket grows in value to collectors and memorabilia aficionados.
From Newsday's Ed McNamara:
"Wise-guy horses hardly ever win. I've shredded tickets at 86 tracks in 34 years and still make that rookie mistake. At least I didn't in the Preakness, because I didn't think anybody could beat California Chrome. I feel the same about Saturday's Belmont. There's no way I can make a win bet on him, so I'll hook him up in an exacta with Medal Count, a live 20-1 shot who's being ignored."