The TAB kept that money after Legarto, a $1.30 favourite, could only finish second to Desert Lightning, who got too big a break for Legarto to make up down the home straight.
To add salt to the wound, Orchestral won the last race so had Legarto won, the BGP would have won $2.5m.
Despite the two-leg mega bet missing, the group were slightly up on the day going into the final race. They then put almost $600,000 - spread over two bet slips - on a prop bet which required Orchestral to finish in the top four and Talisker to finish in the top six but missed on the latter part of the equation.
“It was gutting and I hate losing other people’s money but we had a go and everybody gets half their spend back,” said Kemeys.
They did have some big wins, including a $300,000 investment on Crocetti, who won the first race into James McDonald to ride at least one winner.
“It could have been a lot worse and we live to fight another day.”