The various residents and occupants of a resort hotel await the outcome of a horse race at a nearby track, as it will affect each of their lives in different ways.
The near-sighted Mr. Magoo, on his way to make a bank deposit, boards a race-track bound bus instead. Mistaking the betting windows for tellerwindows, he keeps making and winning bets on long shots. The track finally tosses him out with his bag of winnings, which Magoo thinks was the result of compound interest growth.
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