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Horse racing is one of the oldest hobbies for spectators, a sport that has literally continued over time. Even today, with so much competition for public attention, the sport is getting an incredible amount of interest. That interest ranges from local events to race types that capture the imagination of entire countries and beyond there.

Betting odds are compiled by bookmakers as a way to represent what they believe is the likelihood is of an event or events happening.

A frequently used strategy is to place bets based on a team’s recent results. But the results alone are rarely useful as a single indicator for a team’s performance. There is a big difference between winning three consecutive matches against all the low -ranked teams compared to the top teams. Perhaps a team is notoriously bad away but a definite bet at home.