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The total cost of placing a bet on each horse can quickly exceed any potential winnings. Payout: Even if you bet on all the horses and one of them wins, the payout may not cover the total amount you spent on bets for all the horses. In some cases, you may end up losing money overall. If one win bet isR$10, for across the board wager, you usually have to cover the cost of all three bets, and you will have to pay at leastR$30.
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In fact, Texas gambling laws are relatively strict and only allow residents and visitors to bet on horse racing and greyhound dog racing. Some exceptions to the rule include "social gambling" (such as office pools), bingo, and charitable raffles. Texas, a conservative state with a large faith-based community, has long considered gambling a vice, so the prohibition on casinos followed suit. Note: It's important to define gaming and gambling because they are two different things. Gaming is participating in legal, state-sanctioned wagering.
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