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  • The Hidden Costs of Sports Betting: Unraveling the Vig

    In previous blog articles, I have emphasized that everyone, in one way or another, is a gambler. Whether they realize it or not, life is full of risks and chances. It is crucial for individuals to grasp the rules of the game they are playing, as recent messages from readers have reminded me. One significant

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  • Understanding the 20% Track Take in Horse Racing

    Horse racing is a game of numbers, where every dollar bet at the racetrack only returns about 80 cents to winning bettors. This $20 difference, known as the track take, has contributed to the decline in consumer interest over the years. In comparison to other forms of gambling, a 20% take is considered too high.

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