Tote System

Why Racing Is Losing One Of Its Best Customers

Mike Maloney had it good and he knew it. The author of "Betting With an Edge," the native Kentuckian played the races professionally and was able to make a good living doing so for nearly half a century. There was no trick to it. He bet a lot of money, as much as $14 million in one year, worked hard and had an innate ability to find the right horse at the right time at the right price. "When it comes to betting horses, I am closing in on 50...

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