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Oh, how the bookies must have loved it when Aurora Encore won the Grand National last week at 66/1. Only once in the past 40 years (Mon Mome in 2009 at 100/1) have they had a better day at the National. But the joy has been short-lived for Ladbrokes. The company warned on Monday that profit for 2013 would be at the lower end of expectations. The shares fell 8 per cent.

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