U.S. Race Track Industry Horse SWOT

Excerpt from SWOT :

Because of the rapid depreciation rate it is virtually impossible for a middle-class individual to afford a race horse. Because the recent decades have not brought forward a certain winner, people have started to feel that the sport will never regain its glory. The individuals who were mainly interested in the gambling feature have come across more moderns methods of gambling and have lost interest in what seems to be a dying sport (Hereth & Talbott, 1993).

Horse racing truly is a glorious sport, but because of the lack of support it got in the last few decades it is unlikely to ever recover from the sphere of anonymity it entered. While animal care was not a matter of extreme importance in the first half of the twentieth century, it does not seem illogical that race horses from the period broke record after record, as most were probably forced to do so with no regard to their health.

Horse racing has a long history and even though it had lost reputation in the last decades it is still remembered and appreciated as one of the most interactive methods of gambling. Many people become addicted not only because of the finances they hoped to win through betting at the game, but also through admiring the animals on display there for their personal satisfaction. Evan Shipman and Ernest Hemingway are only two of the influential figures of the twentieth century who were devoted to gambling on horse racing and to valuing horses in their entire splendor (Robert, 2003).

Works cited:

1. Cohen, K. "Well Calculated for the Farmer: Thoroughbreds in the Early National Chesapeake, 1790-1850," The Virginia Magazine of History and Biography 115.3 (2007)

2. Gramm, M.C. Mckinney, N. Owens, DH R. Matt E. "What Do Bettors Want? Determinants of Pari-Mutuel Betting Preference," The American Journal of Economics and Sociology 66.3 (2007)

3. Hereth, R.H. Talbott, J.C. "Economic and Tax Implications of Thoroughbred Racing," Journal of Accountancy 176.5 (1993)

4. Robert, R. "Evan Shipman: Friend and Foil," The Hemingway Review 23.1 (2003)

5. "HORSE RACING HISTORY."…

Sources Used in Document:

Works cited:

1. Cohen, K. "Well Calculated for the Farmer: Thoroughbreds in the Early National Chesapeake, 1790-1850," The Virginia Magazine of History and Biography 115.3 (2007)

2. Gramm, M.C. Mckinney, N. Owens, DH R. Matt E. "What Do Bettors Want? Determinants of Pari-Mutuel Betting Preference," The American Journal of Economics and Sociology 66.3 (2007)

3. Hereth, R.H. Talbott, J.C. "Economic and Tax Implications of Thoroughbred Racing," Journal of Accountancy 176.5 (1993)

4. Robert, R. "Evan Shipman: Friend and Foil," The Hemingway Review 23.1 (2003)

Cite This SWOT:

"U S Race Track Industry Horse" (2010, September 27) Retrieved May 25, 2019, from
https://www.paperdue.com/essay/us-race-track-industry-horse-8214

"U S Race Track Industry Horse" 27 September 2010. Web.25 May. 2019. <
https://www.paperdue.com/essay/us-race-track-industry-horse-8214>

"U S Race Track Industry Horse", 27 September 2010, Accessed.25 May. 2019,
https://www.paperdue.com/essay/us-race-track-industry-horse-8214