Re: Horse racing
The few horse handicappers i know who make any money at make a combination of straight wagers or exotic bets when they find a group of races with overlays. With the takeout being 20% of the pool I'd say its a tough rake to beat though not unbeatable. I just like to make $2 wagers on longshots that look frisky and ready to race. I think for all but the most knowledgable the ponies should be played just for entertainment value.
Just my opinion.
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