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How Do People Make Money Betting on Horse Races

People who bet on horse races are often handicappers. That means that they evaluate the horses in a race and try to determine the chances of each horse winning the race. The term handicapping refers to the advantages and disadvantages each horse faces. In order to make a race competitive and to give each runner a chance to win, the horses are assigned different weights to carry in a race. The weight is the handicap. The better the horse, the higher the weight or handicap.

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