Outwardly, Peggy runs a scam called Past posting in which the mark thinks he will be told the winner of a race early enough to sneak in a Late bet on a known winner. The terminology comes from horse racing and was portrayed much like this episode in The Sting with Paul Newman and Robert Redford. Such scams relied on beating the speed of publishing results and make little sense in the modern age of instant news. Further, Jimmy is allegedly feeding results of drag races which last for a shorter time than his phone calls. Drag racing tracks also make use of electronic lights and timing clocks which display result instantly.