Turf accounting
FANCY a flutter? You are not alone. Nearly $16 billion is bet on thoroughbred racing in North America each year. Yet fewer than 5% of bettors turn in a consistent profit. In this thrilling gallop through the world of horseracing and gambling, Ted McClelland describes a year spent betting his publisher's advance to find out whether it was possible to make a living from the sport of kings.
This article appeared in the Culture section of the print edition under the headline “Turf accounting”
From the May 28th 2005 edition
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