Rodent: Your points are fair, sadly in the racing industry though there are too many dirty pricks who cover stuff up, like selling horses to slaughter even though they are still registered for racing. The horse meat is then sold to bogan greyhound owners who think (by feeding their dogs horse meat) they will run faster. Horses that have turned over 400k sold for their meat, surely that is worth a retirement in some humble farmer's paddock. I cannot remember the figures but Racing NSW claim something around 5% sold to slaughter, BS - more like 35-40%
On the other side of the fence watching working class bogans dress up and pretend to look wealthy is cringe worthy, the alcohol flows in and that is when all the in-securities come out leaving a series of punch-ons around the venue, the worst of course being the after party at the pub.