is there anything like this?

[ecoins]

hi, i am pretty new to the horse race betting scene. i have been looking for some info and more accurately for systems where i will not lose too much in trials. and today on ebay i came across an auction where the claim goes like this "If you make a bet and it/they win, you win. If it/they loose, you don’t win a penny, nor do you loose a penny" Now is this a possibility or is this guy simply taking us for a ride. are there horse racing systems where you will never lose money?

[Gambling Gorilla]

Re: is there anything like this? What I think he means is that if the bet wins, you pay him. If it loses, you don't pay him. But if it loses, you've lost what you bet so you lose.