5 Top Reasons Why People Lose Money In Horse Races

Gambling games are looked upon very differently from one culture to the next. In Protestant and Catholic cultures, gambling is seen as a sinful vice, associated with other illicit activities.

In Native American cultures, however, gambling is an ancient tradition associated with noble virtues such as intelligence, concentration, acuity, strategic thinking, leadership, resource management, discipline, spiritual development, and good sportsmanship.

It is then no wonder that a nation indigenous to the coast of northern California had a village in one part of their territory that was devoted to the art and science of traditional gambling games much like a college or seminary for gamblers. While not every NDN (sic) Nation set up such institutions, most had some sort of tradition for wagering bets on games of skill and games of chance.

Gambling is still a part of Native American traditional life. Celebrations and even sacred rituals such as healing ceremonies will often include gambling, after the prayers are done and the feast is shared.

Since tribally owned casinos provide massive economic stimuli for impoverished Native populations, challenging the rights of tribes to own and run their own casinos is also a way of keeping Native people in devastating poverty. An example of the difference between owning a casino and not owning one can be seen when comparing two bands of the same tribe. One band in Oklahoma, has no casino within their jurisdiction. The other band of the same tribe, in Kansas, has their own casino. Laws differ from state to state.

The band in Kansas used the revenues from the casino to build schools, buy a regulation school bus, and most importantly, to build a desperately needed health clinic. The Oklahoma band of the same tribe has none of these facilities because they lack the casino generated revenue necessary to build and maintain them, let alone staff them. Casino revenues also provide the capital loans for tribal members to start small businesses.

A series of court cases and legislative acts in the 1980's set a precedent for Native gaming rights and regulation. These historic landmarks include: Seminole Tribe vs. Butterworth (1979), California vs. Cabazon Band (1987), and the Indian Gaming Regulatory Act (IGRA) of 1988. However, these gains have been repeatedly challenged by the National Indian Gaming Commission (NIGC), in an ongoing campaign to weaken Native sovereignty and to confiscate or divert Native gaming revenues.

As on-line gambling websites redefine the concept of territory in cyberspace, Native American gaming rights and issues of sovereignty, freedom, and self determination are once again at "stake" (pun intended). Will you wager a bet on the future of Native American gambling, as it evolves with modern technology, and a global economy?

Millions of dollars and pounds are being spilled every day into the horse
races booking agencies. thousands of people all over the world pour
their hard earned money into the race, hoping to win.
Needless to say, most of them are disappointed when they lose their money.
There are, however, betting systems that will help you bet on horses
that have a much better chance of winning, and get a positive return
on your investment.
Is such systems exist, why do people still lose money on the tracks?
Simply because the system itself is not enough. You need to be able
to follow it and manage your money correctly. This is something few
people do well. But guess what – these few get wealthy over time,
while the others stay broke.
So where do most people get this wrong, and lose money though
they could be following a system to success? you can divide this into 5
top reasons:
1. Not planning – you can’t expect to get to a destination without panning
on how to get there first. You need a good, realistic plan that sets your earning
goals and the time needed to get them.
2. Lack of patients. Most losing punters lack patience. They want to make millions
this week! This is the shorts way to fail. Wealth through horse betting is possible
only is you build it slowly and conservatively.
3. No consistency – many punters hop from one system to the other, just because
they took a loss. You must find a good system and stick to it!
4. Greed – trying to recoup a loss by raising the bet is a sure recipe for losing even
more! many greedy punters so that and sabotage their own chances of success.
5. Lack of discipline – This reason tops them all. Lack of discipline is why so many
people don’t succeed in all money making ventures, not just horse betting. The
ability to stick to what works and resist temptation is vital to your success.
These re the top 5 reasons why most people lose money in horse races betting.
If you identified yourself in one of the above reasons, you now know better…
I wish you good luck with your horse betting!