Horse racing has seen many changes over its long history. The introduction of fixed starting gates, and the Totalisator are just two examples of technology that has changed the nature of the sport in more recent times. Horse Racing in Australia though faces a deal of challenges in the coming years.
The traditional funding of racing by punters is one area that has changed dramatically in Australia following the privatisation of the TAB’s. This has opened the market to far more gambling products and increased competition to horse racing for the gambling dollar. The situation is unlikely change in the foreseeable future. Current moves to amalgamate racing clubs are a direct result of economic rationalisation in the industry. Many clubs are situated on land that has grown significantly in value, and are now in the midst of highly sought after residential areas. racing will go on and be under pressure from a range of things including greater than before competition for finance.
Funding has also put a deal of pressure on the grass roots home of racing in the country. No longer supported by Government distribution, traditional tracks now play host often to only a small number of marquee style events that are receiving massive local support. Race meetings like the Ipswich Cup and Cairns Amateur Carnival clearly show the communal service that racing clubs provide.
Racing is not immune from other pressures, and climate change plays a part in the future direction of Australian horse racing. Financial pressures have seen Australian horse breeders find the best possible return on their investment in the sales ring. As a result, there is a move that is internationally growing and moving towards the introduction of all weather racetracks. Not only do they require little watering, but they also reduce the risk of cancellation of meetings due to inclement weather. Many will also argue the benefits to horses of galloping on these surfaces. With pressure on water supply, this is a luxury that is harder to guarantee for the racing industry.
No matter what happens with the global economy in coming years, the centre of horse racing always must be the thoroughbred. Racing is not immune of other stresses, and weather change plays a big part in the future direction of. Horse Racing is not immune from other stresses, and weather change plays a big part in the future direction of. This has had the effect of not only reducing the number of commercially viable stallions standing in Australia, but also a significant reduction in stallion numbers. Veterinarian advancements have also increased the rate of conception meaning that stallions can cover larger books of mares. Modern technology will go on to enhance this ability, and minor horse studs will find it getting more and more difficult to compete. A narrowing of the gene pool appears a probable result. The introduction of shuttling of stallions so as they can serve mares in both hemispheres has further contributed to a narrowing of the gene pool.
As society focuses on quicker gratification, we see the result clearly in other sports. Cricket has seen the remarkable growth of the 20/20 game, while horse racing is tending towards shorter distances. Already, the French Derby has been reduced in distance, and there are calls for many other races to follow suit. Inevitably these reductions will come, making many of the characteristics of our past champion horses obsolete. The rise of sales companies like Magic Millions and their focus on the associated 2yo race for graduates is an example of a trend towards quick return within the industry.
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