redboard

redboard
 v.— «redboard…A racing term; one who claims to have selected the winning horse in a horse race, but who always does so following the race; a derogatory term.» —by Maria Belknap Horsewords: the Equine Dictionary Nov., 1997. (source: Double-Tongued Dictionary)

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Further reading

On The Rivet

In cycling slang, on the rivet refers to putting out maximum effort, and derives from the way cyclists lean all the way forward on the hard bicycle seat, which traditionally has a flat rivet in the very front. This is part of a complete episode...