{"id":1489,"date":"2009-09-30T08:29:34","date_gmt":"2009-09-30T07:29:34","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=1489"},"modified":"2012-02-23T21:14:13","modified_gmt":"2012-02-23T21:14:13","slug":"racing-wants-more-cash","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2009\/09\/30\/racing-wants-more-cash\/","title":{"rendered":"Racing wants more cash"},"content":{"rendered":"

Really very interesting piece on the racing industry yesterday on the BBC web site. You can view the article here: –<\/p>\n

https:\/\/news.bbc.co.uk\/1\/hi\/business\/8280227.stm<\/a><\/p>\n

You can download the entire Deloitte report by clicking this text<\/a>, it’s a 7Mb file.<\/p>\n

I won’t attempt to summarise or make an opinion on the report but I do think they are slightly off with their figures. Amounts wagered and the levy amount can’t really be compared across such different markets, but I do concede that racing could do with more money but this needs to be tied into modernisation. A big part of the gambling industry is utterly reliant on racing, but then again, the opposite is true also! I think a small increase in funding would surely help the industry which is seeing prize money fall away. But I also think they need to do more to encourage more people into the sport and through the turnstiles.<\/p>\n

When I first started on Betfair I knew nothing about horse racing, now I quite enjoy it. That may not have happened if it were not for new technologies. I am sure if they invest in modernising the sport and the structure of the sport, it would pay rewards.<\/p>\n

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Really very interesting piece on the racing industry yesterday on the BBC web site. You can view the article here: – https:\/\/news.bbc.co.uk\/1\/hi\/business\/8280227.stm You can download the entire Deloitte report by clicking this text, it’s a 7Mb file. I won’t attempt to summarise or make an opinion on the report but I do think they are […]<\/p>\n

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