The hammersmith hard men are taking part in an identity parade for Spudgun's mum. Turns out the whole thing was a plan to scam the police for money. Everyone goes to the pub to celebrate when tight-mouthed Larry the bookmaker turns up and tells everyone about TheAllegedSteed Sad Ken.
Richie chats to a Faulklands veteran and finds out he has a hand-carved, wooden false leg that cost £2000. Richie suggest stealing it and pawning it to put the money on Sad Ken. Eddie gets the money and goes to the bookie's. Sad Ken and his jockey are both shot resulting in a loss. When Eddie comes back to the pub Dick reveals it was all a scam by Dick, his niece, Larry and the pawnbrowker.