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Horse Race Gambling Essay

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Gambling & Utility in Horse Race Betting

Gambling is a predominant part of horse race betting. How the bets are utilising entails how profitable, beneficial and useful they are for both bookies and gamblers. To many, there is an aspect of skill required when gambling in or der to utilise their bets, whereas many believe it is completely down to luck and that they are “destined” to win on a given race. These different mentalities while gambling on horse races, draw attention to whether following a system is better when it comes to utilising a bet or whether there is no difference whatsoever.

Regarding profitability, betting systems tend not to return vast winnings, however over time they can return a steady profit. To be profitable, the aim is to come in the top ten per cent (or there about) of gamblers who make a profit, as opposed to just beating the bookies. This is because the bookies are taking money every second from people gambling. Take, for example, large races within the UK such as Cheltenham, Royal Ascot & The Grand National, bookies at these events still walk away in profit most of the time due to the frequency that people are placing …show more content…

The idea of “one more bet in order to make back my losses” could leave you in a very sticky situation. The prime outlook is to not gamble more than you can afford to lose. It is a matter of making sure you remain in control. Some gamblers don’t realise that you need to calculate how much money you can afford to spend prior to a big race, and then think you can utilise one bet to justify a big stake. If gamblers stuck to limits, they wouldn’t deteriorate into a state where they think they have to make bigger bets when they are already at a loss. In addition, many gamblers bet everything in one go, as opposed to spreading out smaller stakes on several races. In turn it may not be as profitable, but it is a safer procedure to follow & greater utilises their

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