No one knows Swoodall was portrayed in the movie 'A Hole In The Head'. You will understand the way he is after viewing the following clip:
Go to 1:40 of the movie:
http://www.movieweb.com/movie/a-hole-in-the-head/HUAC1FAJ52f2DCSwoodall, played by Frank Sinatra, needs money for a 'Disney' themed hotel in South Florida.
He seeks out an old friend, millionaire John Barnard, to finance his dreams. John is headed to the track and invites Swoodall. Penniless Swoodall sells his caddy to go to the track to impress Barnard.
Also, it'll be easy to spot Ira Smolin as the Barnard 'heavy' (gets $$$$ from Barnard).