Gamblers cheer horse named Subprime

November 2, 2008 6:33:44 AM PST
The mortgage problems that have helped shape the current economic downturn have made "subprime" an unwelcome word to investors.

For gamblers, however, Subprime drew cheers this week. That was the name of a horse that won the ninth race Thursday at the Aqueduct race track in New York.

It was the first win in three tries for the 2-year-old filly, but the name made her an instant crowd darling.

The horse ran as the favorite and paid $6.30 on a $2 bet.

Maybe it's a family connection. Subprime was sired by a stallion with another name inspired by Wall Street: High Yield.