Essay on Why The Horse Racing Industry Is A Multi Billion Dollar Market

Essay on Why The Horse Racing Industry Is A Multi Billion Dollar Market

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In the world of the multi-billion dollar racing industry, it is important for those involved to understand the factors that will determine successful racehorses. Racing supports people in their livelihoods, and successful horses result in a lot of money. Although it is universally accepted that the greatest factors that result in success for racehorses are breeding and training, I argue that other factors, such as experience, timing, and luck play a big role in their success as well.
Most people involved in horse racing would argue that genetics play the biggest role in determining a racehorse’s success. That is why the horse racing industry is a multi-billion dollar market. People pay to breed and race the best horses. As A.J. Wilson and A. Rambaut put it, in their research about how genes effect success in racehorses, “the owner of a thoroughbred mare should mate her with a high-quality stallion in order to maximize the probability of producing successful progeny” (Wilson). Although they acknowledge the fact that training and other environmental factors have an impact on success, they believe that genetics are the most important factor. This is widely accepted as common knowledge, making the breeding industry so profitable. Shannon J. Neibergs is a professor at Washington State University who has conducted a study on how people look at the genetic characteristics of broodmares to determine the success of their foals. Neibergs agrees with Wilson and Rambaut, stating that “broodmares with greater racing ability are expected to have the genetic characteristics needed to produce foals with superior racing success” (Neibergs 304). This also applies to sires; horses who perform better in races or who have enhanced racing characteristi...


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...ccess. Training is what differentiates a naturally successful horse from the greatest horses in racing. Where some scholars argue that training is most important, others argue that genetics is. I argue, however, that is a combination of both of these factors in addition to experience, timing, and luck that determines the success of a racehorse. Through experience, horses are able to learn more and train more, resulting in faster times. The timing a horse enters the racing world has a big impact on their limitations and opportunities, also impacting their success. Most importantly, I argue that luck has a main role in horse racing. Horse racing is a large industry, and through successful horses it is able to make money. Although there are some strategies that can maximize their chances in order to find a successful racehorse, horse racing is mainly all about chance.

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