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“A syndicate is a group that has gotten together to…” quote by David Milch
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“A syndicate is a group that has gotten together to pool their money so they can cover more contingencies. If I come to track with, say, $200, and I join a syndicate of 20 people, each of whom can bet $200, we can spread our bets, and that gives us a better chance of winning.”

David Milch

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