A staple of the Clyde Beatty-Cole Bros. Clown Alley for many, many years and a personal favorite of John Pugh, here is "The Horse Race".
The first clip is of the gag being performed on the Ringling Bros. Barnum & Bailey Circus in 1967, produced by Mark Anthony.
The second clip is from the Clyde Beatty-Cole Bros. Circus in 1980 and produced by Jimmie Douglas. Look for Sandy Kaye at the beginning as the equestrian master with the whip, Mike Padilla on the ring curb and Mike Snider as the bookie.
The Beatty-Cole clip is announced by John Kennedy "Eggroll" Kane, currently appearing at the Circus World Museum in Baraboo.