GAMBLING: Losing money on races that don’t exist

Thursday, June 22, 2023

https://www.vice.com/en/article/pkaaz7/inside-world-of-virtual-sports-betting

​Life
The Horse Isn’t Real. People Are Betting on It Anyway.

  • In virtual sports betting, the house edge is insane, there’s even more stigma and the racing never stops.

by Kyle MacNeill  — June 13, 2023, 3:45am

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It’s 10AM in my local William Hill and the races are on at the picturesque Hilltop Gardens. Sugar Cube, 12-1, is doing the impossible: Having loitered at the back of the pack for most of the race, he’s advancing up the field as if he’s just snorted an entire bag of Silver Spoon. Leading horse Yes Ma Lady, ridden by Kieran Tyler, starts to slow, saddled by fatigue. No wonder, he’s been racing literally all day. Sugar Cube crystallises near the front; Council Gritter eats dust; Yoga Flame doggedly slips downward; the final stretch is in sight. It’s a photo finish – Sugar Cube takes it. It’s an instant classic.

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Interesting read. At least it’s not betting on “anything that talks”.

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