Lots of boats that get raced in beer can races fly sails with no reefing points. It is not that unusual. Maybe the PO just didn't want to spend the money of reefing points. In a short race there is almost no time to reef anyway.
There is a tide in the affairs of men,
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
Shakespeare, Julius Caesar IV, iii, 217