Moss owner of race winner Giacomo.

In the seventies, as co-founder of A&M Records, Jerry Moss took chances on the Police, Joe Jackson, Supertramp, the Tubes, Joan Armatrading and other innovative artists, and the payoff was big.

This year, Moss made a different kind of wager at Saturday's (May 7) Kentucky Derby. Moss is principal owner of Giacomo, a California horse named after Sting's son. The horse won the Derby's Run For The Roses, making it the second-longest shot in the event's 131-year history. A 50-1 long shot, Giacomo paid $102.60 on a two-dollar bet, the largest payoff for a Derby winner since 1913. Payoff for Giacomo's owners was 1.64 million.