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Why Do Most Punters Lose Money When Betting on Horse Racing?
Most people who bet on horses lose money. You may be one of them? In earlier times your losses would find their way into to the bookies, more recently much of it will have been pocketed by clever punters who use the betting exchanges to relieve you of your money. Today, even with an equal chance against other punters, you and the other 98% will nearly always lose.
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