For sure, I've seen a lot of these games in stores and in game arcades but have never had an interest in them. I always thought they were just boring but its quite well done. :)
In the VOL1 version the French horse is wearing red pantyhose. I bet on that horse and it won by losing all it's leggings which flew into the face of the other horses. The jockey also lost all her clothes and was standing on the horse in a bikini.