Im not really a gambler so i rarely spend more than £20 on the orses, the bev is expensive though, as you say.
Dont get me wrong i completely agree with what you are saying. The amount of times one of my pals will read whatever the Times are tipping and tell me its a stick on. The one and only time his tip comes up i hear the 'i told you to back it, 12/1 was an absolute steal, bloody told you'. Aye ok pal.
I know very little about horse racing an only bet on it now and then.