Racing Handicap

It was billed as the first annual Foggy Bottoms Resort and Spa Aerial Races.  The next three contests were lined up at the starting position.  the Face of Everyman was about to start his stopwatch and fire the toy cap gun starting pistol.  However, the State Racing Steward intervened.  The humming bird had not been given the appropriate weights and handicap.  The venerable sage assured the official that a unique pari-mutuel algorithm would satisfy the spirit of the regulation.  After much wrangling and haggling the races were rescheduled for the 4th of July.