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gambling , the betting or staking of something of value, with consciousness of risk and hope of gain, on the 🎉 outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or 🎉 have an unexpected result by reason of the bettor’s miscalculation.
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Betting on horse racing is a leading 🎉 form of gambling in English-speaking countries and in France. It also exists in many other countries. Wherever horse racing is 🎉 popular, it has usually become a major business, with its own newspapers and other periodicals, extensive statistical services, self-styled experts 🎉 who sell advice on how to bet, and sophisticated communication networks that furnish information to betting centres, bookmakers and their 🎉 employees, and workers involved with the care and breeding of horses. The same is true, to a smaller extent, of 🎉 dog racing. The emergence of satellite broadcasting technology has led to the creation of so-called off-track betting facilities, in which 🎉 bettors watch live telecasts at locations away from the racetrack.
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