Seabiscuit (2003)

Factual error: Many of the main characters are using modern-day binoculars (black, plastic) throughout the entire movie.

Tick Tock McGlaughlin: No more match races for this little horse because frankly they're all out of matches. Who's he gonna race, Lazarus? I pity these horses.

Trivia: The saddle worn by Seabiscuit for some of his races is, in fact, the same saddle worn by Phar Lap, who was Australia's, if not the world's, greatest racehorse ever. Billy Elliot, who rode Phar Lap to victory in the Agua Caliente (the world's richest horserace at the time), gave the saddle to George Woolf after Phar Lap died (under mysterious circumstances) in California.

Question: I could not figure out why Red borrowed $20.00. Could someone fill me in?