When I go to a hockey game at Madison Square Garden, I have limited choice in how much I want to spend to go. I can pay hundreds of dollars a game for seats on the glass, or I can pay $50 for the cheapest seats in the arena, or I can pay something in between. If I want to see the game, I accept one of the options the Garden offers me, and my ticket money is what helps to fund renovations, player salaries and administrative costs.
Going to the racetrack is different. Admission to Aqueduct is free; getting into Belmont or Saratoga costs $3, pretty much the same as it cost a century ago. Probably a bit luxurious then, it’s a total bargain now...........
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This article is available online at:
http://www.forbes.com/sites/teresagenaro/2012/08/30/racing-101-teaching-people-to-bet/
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