A punter was at the horse races playing the ponies... 

and all but losing his shirt. 

He noticed a Priest step out onto the track and blessed the forehead of one of the horses lining up for the 4th race. Lo and behold, that horse - a very long shot - won the race.

Next race, as the horses lined up, the Priest stepped onto the track. Sure enough, he blessed one of the horses. 

The punter made a beeline for a betting window and placed a small bet on the horse. Again, even though it was another long shot, the horse won the race. 

He collected his winnings, and anxiously waited to see which horse the Priest would bless next. He bet big on it, and it won. As the races continued the Priest kept blessing long shots, and each one ended up winning. 

The punter was elated. He made a quick dash to the ATM, withdrew all his savings, and awaited for the Priest's blessing that would tell him which horse to bet on. True to his pattern, the Priest stepped onto the track for the last race and blessed the forehead of an old nag that was the longest shot of the day. 

This time the priest blessed the eyes, ears, and hooves of the old nag. The punter knew he had a winner and bet every cent he owned on the old nag. He watched dumbfounded as the old nag come in dead last. 

In a state of shock, he went to the track area where the Priest was. Confronting Him, he demanded, 'Father! What happened? All day long you blessed horses and they all won. Then in the last race, the horse you blessed lost by a Kentucky mile. Now, thanks to you I've lost every cent of my savings!'

The Priest nodded wisely and with sympathy. 'Son,' he said, 'that's the problem with you Protestants, you can't tell the difference between a simple blessing and last rites.'