Horse racing is a form of gambling where having a good day at the track usually means you didn't go.
Horse racing is a bad investment, for no horse can go as fast as the money you put on it.
Horse racing is an unwise gamble. The only man who makes money following the horses is one who does it with a broom and shovel.
Horse racing is a bad investment. Owning a racehorse is probably the most expensive way of getting on to a racecourse for nothing.
Horse racing is a bad investment. To own a racehorse is the equivalent of burning a yacht on the front lawn every year.
Horse racing is a sport in which a single racehorse takes thousands of people for a ride at the same time.
Horse racing is highly risky. Anybody who finds it easy to make money on the horses is probably in the dog food business.
Horse racing is senseless for the bettor: the jockeys get the ride, the horses get the exercise, the bookmakers get the money, and the bettor get the headaches.