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There was a horse named ' Mouldy Old Dough ' owned by a certain Peter Hopkins, who was a racehorse owner and ferocious gambler in the 70's and 80's. I knew him through racing connections and saw MOD run at Plumpton once. It was odds on favourite in a two-horse race and fell. Any bookies around...

Yes..by Gerry and the Pacemakers...the original ( from Carousel I think ) is way before then ( 1920's ? )