The Race That's Stopping a Nation: What Real Estate and Horse Racing Have in Common

For many, the Melbourne Spring Racing Carnival means beautiful weather, the thrill of the track, and a modest wager or two. For others—namely the trainers, owners and big gamblers—it’s serious business. Tens of millions of dollars are at stake—not to mention the glory and prestige of marquee events like the Melbourne Cup and the Cox Plate. It may be a pleasant afternoon for the casual spectator, but for anyone with a lot of coins in their pocket, fortunes are won and lost in the pounding of hooves.

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