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 It's more like trading as you are betting on more than one horse in a race even all of them. Because of the competition between bookmakers and now the rise of Betfair there prices are all over the place. One horse can be 4/1 with one bookmaker and 7/1 with another.
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When you start betting on horse racing, it is always a good idea to start betting on the horse that has won the races earlier. http://horseracingsport.com
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