Wikipedia
Liebesspieler
"Liebesspieler" (Love Player) is a song by Die Toten Hosen. It's the only single and the second track from their album Unter falscher Flagge.
The song is about a man, who goes to the horse race track to bet and win money. At first it seems that the horse (named Liebesspieler) is going to win, but the horse doesn't win and the money is lost.
The band had a session with DJ John Peel on 30 June 1984 and they released the songs as b-sides to the single.
There is also an English version of the song on Love, Peace & Money, titled "Love Is Here".