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Maliks Muwatta Book 21, Hadith Number 46.
Section : Horses and Racing Them and Expending in Military Expeditions.
Yahya related to me from Malik that Yahya ibn Said heard Said ibn al-Musayyab say, “There is no harm in placing stakes on horses if a third horse enters it. The winner takes the stake, and there is no fine against the loser.”