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"I dont have a horse in this race" means that you don't have vested interest in the competition--that is, you don't stand to gain or lose anything by its outcome. For some, that may mean that you don't really care or have an interest in it; for others, it may mean that you are able to be more impartial.

From a reference to horse racing.

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Q: What does it mean I don't have a horse in this race?
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