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State-protected lotteries and horse-races generally offer terrible odds for punters, while their sponsoring governments have imposed hefty sin taxes.
ECONOMIST: Gambling prohibition
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This kind of option buying is rather like betting on horse races, and probably as hard to succeed at.
FORBES: Civilized Gambling
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One attraction is programs that collaborate with the engineering and physics departments on topics such as betting on horse races, creating 3-D images of people and predicting the weather.
FORBES: Plugging a Math Gap
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The Sheikh, who breeds and races throroughbreds, owns two horse farms in Saratoga Springs, and has invested heavily in the area.
FORBES: Saratoga's Favorite Sheikh To Be Honored
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And in an era when reporters cover elections like horse races, the underdog is often the most exciting person to write about.
CNN: Hillary Clinton and the experience trap
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As the event grew in popularity, organisers decided to model it after the Royal Ascot horse races in England, complete with outrageous outfits and hats.
BBC: Uganda��s famous goat races
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Bodemeister stood a chance to make history: He had not raced as a two-year-old and the last horse to win the Kentucky Derby without those juvenile races was Apollo in 1882.
WSJ: I'll Have Another Wins Kentucky Derby
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The program includes such novel topics as betting on horse races, creating 3-d images of people and predicting the weather.
FORBES: Plugging A Math Gap
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McCoy was supported by a concerted campaign by the horse racing industry to encourage people to vote for him and several races were renamed in his honour.
BBC: Jockey McCoy 'humbled' by Sports Personality award
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DeRosa thinks the buzz horse is Verrazano, trained by Todd Pletcher and unbeaten in two lifetime races.
FORBES: Betting the Kentucky Derby Future Pool
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The track has suffered from the general decline in horse-racing popularity, and more than half its daily handle is for races held at other facilities.
FORBES: Ex-Freehold Raceway Boss Admits Big Bad-Check Charges