Sport is made for betting

Gerry Harvey and John Singleton are very successful Aussie entrepreneurs with a deep interest in horse racing - but this latest story shows their interest in much more about their own pockets than for the good of the industry... World's richest race pledge JOHN Singleton and Gerry Harvey want to turn their Magic Millions scamper on the Gold Coast into the world's richest race. The $2 million Magic Millions Classic will be run over 1200m on Saturday. Next January, Singleton and Harvey propose an $11 million globe-stopper. .... Only yearlings sold through the Magic Millions sales are eligible for the Magic Millions Two-Year-Old Classic, so a jump from $2 million to $11 million prizemoney would provide a massive boost to the business. There's nothing wrong with big prizemoney in races, after all, it gives owners something to dream about. But having ridiculous amounts of money on offer for two-year-olds in the first half of their season, who have only been purchased via a speci...