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But how do you choose a profitable horse? There are literally a whole bunch of books and thousands of websites on handicapping (meaning selecting) horses and everybody seems to have a special opinion on what components are the most important to research when choosing a horse. Whereas plain old luck is the biggest think about whether you make or lose money (particularly for beginning pickers), handicapping makes the races more fun because it provides you a way of management, in addition to something to chew over between each race.