Sport is made for betting

While this article specifically refers to racing in the UK, there aren't many racing jurisdictions in the world that these issues don't apply to. From Global Betting and Gaming Consultants... UK Horseracing Must Face Commercial Reality Selected quotes As we have said before the horse racing industry has wasted money, not allocated resource where it will deliver the best return and has not committed funds to reserves. Now we have the recession. This one is called the Great Recession and it is causing business to really think about the way it operates and is creating efficiencies previously not considered. A recession exposes faulty business models and those who have not been prudent during the boom are being tested. We are now in a period where the niceties of life have to be placed on one side. We are beyond politics now; it is the time when all sides have to be unfailingly realistic. . . The problem is that racing many years ago started to believe its own PR that the product w...