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The Australian Horseracing Board (AHB) oversees horseracing on a national scale, superseding the powers of individual state clubs. It is responsible for setting rules of play, maintaining pattern racing committees, assigning black-type status races and cultivating relationships with government and international racing communities. Lottery Online, Bookmakers build in a margin, also known as overround, to ensure a profit. Be aware of the margin embedded in the odds, as lower margins generally mean better value for bettors. Understanding this concept helps you assess the fairness of odds.
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