Why do people buy racing systems for 000's???

How stupid can you get?????

I'm amazed how many idiots buy these things???

Do these people also buy systems that predict lotto?????

Horse racing is gambling - anyone who says its investing is kidding themselves.

People should read "Secrets of Professional Turf Betting" by Robert Bacon. He talks about horse racing cycles - the cycles are ever changing, which the public fails to get.

Victor Neidlehoffer also talks about it in his book on speculation.

If a system works for any period of time, once enough people start using it the odds will be insufficient for profits. More likely though is that it will only work in small patches.

One thing Bacon said was "Only bet when you have an edge" - One can only have an edge on few occasions - so if you want to lose less -bet less. Betting on more than 20 races/week will send you broke, unless you are playing trifectas or first fours and getting a few good divs.