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An honest guy gets trapped into the world of horse racing and his once prosperous life becomes a downward spiral into the underworld.

Two Dollar Bettor is a 1951 American film noir crime film directed by Edward L. Cahn and starring Steve Brodie, Marie Windsor and John Litel.

Plot
A middle-aged man places a two-dollar bet on a horse at the track and wins. The widower with two teenaged daughters becomes hooked on gambling and within a week he begins cashing in his life savings to pay off his bookie. To make matters worse, he’s being grifted for thousands of dollars by a beautiful con woman and her husband. To try to get even, the man begins betting on long shots.

Cast
Steve Brodie as Rick Bowers, alias Rick Slate
Marie Windsor as Mary Slate
John Litel as John Hewitt
Barbara Logan as Nancy Hewitt
Robert Sherwood as Phillip Adams
Barbara Bestar as Diane ‘Dee’ Hewitt
Walter Kingsford as Carleton P. Adams
Don Shelton as George Irwin
Kay Lavelle as Grandma Sarah Irwin (as Kay La Lavelle)
Carl ‘Alfala’ Switzer as Chuck Nordillnger (as Carl Switzer
Isabel Randolph as Margaret Adams
Ralph Reed as Teddy Cosgrove Phelps
Barbara Billingsley as Miss Pierson (as Barbara Billinley)
Ralph Hodges as Chester Mitchell
Madelon Baker as Grace Shepard (as Madelon Mitchell)

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