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However how do you decide a profitable horse? There are actually hundreds of books and hundreds of internet sites on handicapping (meaning picking) horses and everyone seems to have a different opinion on what factors are a very powerful to analyze when selecting a horse. Whereas plain old luck is the most important factor in whether you make or lose cash (particularly for beginning pickers), handicapping makes the races more enjoyable because it offers you a way of management, in addition to one thing to chew over between each race.