He would probably have bet on about 6 different horses so he would lose money whichever horse won.
Not sure about the domino effect admin if the loans' terms and conditions are being met, ie repayments made on time. Also, it appears that Notts debts from the Trews days were never settled, the debt was just transferred to a new owner, as it was from Munto to Trew. Not so much a black hole as a hole that has never been filled. Has anyone ever paid for anything with real cash since the days of Pavis?