1. You will always bet on more losers than winners
2. The best horse can lose, and often does
3. Poor racing luck can upset the best figures
4. The rider’s poor judgment can cause a loss
5. The horse may throw a clunker
6. A horse can lose a rider, stumble, get trapped, lack racing room, or get fouled by another horse. Anything can happen in a horse race, and usually does.
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