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Risk and reward. There are other “acceptable” forms of cheating in racing though, the main one is trying to drop your handicap mark by running in unsuitable races (distances and going) and getting beaten on purpose. In a gambling driven industry there are always people who’ll try and gain an...

They can, it’s laying on the exchanges and passing information to bookies in exchange for enhanced odds that will land you in trouble.

Owners and trainers can’t lay (back to lose) their horses.