Recently I was in Kentucky, reporting on horseracing for Garden & Gun. A "whale" (bettor of thousands of dollars per day) I interviewed, Mike Maloney, successfully traded securities, options and futures, but chose to go to the track every day instead because it offered him a greater challenge. "There are many, many, many more factors to consider in betting horseraces," he said.
Maloney is a youthful fifty-two, with alert, light blue eyes and a cheerful demeanor. He doesn't chomp on...
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