The ONLY way it can be FUN is by not actually placing the bets, but just use Pretend Money.
But then its not PUNTING

If Losing money at Gambling is considered FUN, then your definition of FUN is different to mine.

Try this.
Muslims go to parties and celebrations and barbecues without any alcohol present, yet they have FUN.
Non-Muslims can also try it, and probably find that it actually is FUN.

Take out the PUNTING Part of your Race by Race System and THEN it becomes FUN.
By Punting in that way, all you are doing is donating 15% of your Investments to someone who probably needs it a lot less than what you do.