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Many many years ago, I bumped into someone that had a system for betting on horses. We had some discussions about neural networks and statistics (my area of expertise). They said that they were hampered by two main obstacles, one being betting tax and the other being the fact that if you start winning then bookmakers refuse to take your bets. I was busy at the time with other projects and scarcely thought about it ever since. Just recently I thought I'd look at betting on horses again. I know almost nothing about the current betting scene in the UK, but I have a vague recollection that the taxes were reduced... is that right? I was also wondering if, in the internet age, the problem with bookmakers refusing to take the bets of successful punters was the same as ever?

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