You'd probably have, at about 50%, a much better chance of taking your entire wad to a casino and putting it all on black than you would of making money long-term gambling on horses. Winning a couple of "coin flips" in a row is probably more doable. Of course, it would be much, much quicker and not nearly as fun.
I love the spirit, though. Bad, bad idea be damned! Who hasn't at least given the idea a thought?
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