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More on New Jersey's intriguing "exchange wagering" horse racing betting by John Brennan

One interesting aspect of watching four North Jersey men engage in exchange wagering while gathered at the Meadowlands Racetrack recently was how a principle tenet of gambling (and life) was underscored: sometimes a setback now can lead you to come out further ahead later.

Take Al Moller of Wayne, who thought he had a sure winning horse on his $100 bet when his horse squeezed through a tight spot. But to Moller's chagrin, the horse handed over the lead.

Moller's disgust was palpable, with colorful language included and epithets about this horse that, well, might hurt the horse's feelings.

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