1st March 2019
I wonder what the bookmakers think about all this fuss over ARC’s prize-money cuts? If I was paying what I believed was a fair price for a product or service and, because my supplier decided to pay less to his workforce, suppliers, or performers, my product or service was disrupted or cancelled altogether, I would be very upset indeed.
The betting industry know what they are paying ARC for racing and they know approximately how much of it ARC are passing on in prize-money. They must surely feel very aggrieved. Racing isn’t being disrupted because owners and trainers are asking for more, it is being disrupted because we aren’t willing to accept less.