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Betting on horse racing is not just like any other form of betting. This is a quite different form of gaming from your usual gambling at the casino. The most striking difference is that at the horse racing, you are enjoying playing against other bettors with mind, flesh and blood just like you but in casino gambling, you are playing against the machines and the house.


Unlike in horse racing, almost all cases casino games like black jack and roulette are mathematically skewed in their favor such that the games do not take any percentage and you are therefore at a disadvantage. In the long, you cannot hope to increase your bankroll. These games use concepts from statistics and probability such as Expected value which measures the rate at which a given unit like a dollar is expected to decrease or increase in value after a particular event, like at the spin of a roulette wheel. This means that if we take the example of a red bet on a roulette table with an Expected Value of -$0.1, every dollar you will wager, the expectation is that you come out with $90 cents. If course this fact is disguised such that you can either lose your whole dollar or you will win one more dollar. The bottom line is that in Horse racing has none of this mathematical way making sure that you lose 1% of your wager whenever you bet.


Unlike the above motioned casino game scenario, your chances of winning at horse racing are entirely dependent on your skills. Your basic requirement is the ability to spot out winning teams where other bettors cannot openly see. With these skills at your finger tip, you have a higher chance of increasing your bankroll consistently by wagering on horse racing. By finding overplays in horse racing, which are simply horses who have higher chances of winning but with higher odds, one can easily outplay fellow bettors and net huge returns. This means that you can easily increase your bankroll by overcoming the track and passing playing smarter than an average bettor.


Furthermore, in horse racing, the track does not care how much you win like in the case of casino gambling. The track only cares about the flat rated percentage on every race run. Casinos can never tolerate this, in fact if you start doing really well t casino gambling, you will be banned instead. For example, a when you play a basic strategy blackjack, you have a negative edge but if you count your cards, you can increase your edge by 2%. However, if you are suspected of counting your cards, you can be banned at the discretion of the casino management. The horse racing betting system has no such unfavorable rules because the horse racing track can never ban you from betting however much you net in.


Unlike the private casino profiteers, the horse racing track of the track flat percentage is usually used for operational expenses of the track and expenses in pursuing money for the featuring races. Afterwards, the rest of the money is paid out to the horse racing winners. Such betting systems are called pari-mutuel betting systems with lotteries being another example.

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