Overview of the sports and importance to the participants - Business Management

Internal Code: MAS6434

Business Management:

Horse racing is a very important spectator sport in Australia gaming and this is a very popular past time with a wagered amount of 14.3 million dollars in 2010.  There are two forms of horse racing prevailing in Australia that are flat racing and races over fences and hurdles. The thoroughbred horse racing is the third most attended sports in Australia.  The racing industry in Australia is administered by Australian racing board and it is abiding by the Australian rules of racing.  Besides a sports activity and the spectator sport, the horse racing is also an industry in Australia that provides employment opportunities to almost 2.5 lakh people. Horse racing has become an important sports activity for the participant because of money.  The importance of this sport for people is that it gives them the opportunity to earn money (Gibson, 2006). People in Australia do not mind wasting time in this activity because it enables them to recover the opportunity cost for the time invested.  The people are able to recover money from betting.  This is the major reason entailing the participation in this sports activity.Basketball is an indoor as well as outdoor sport in Australia. There was a time when basketball in Australia has been considered to be a very significant sports activity.  This sport is very important for people in Australia because of various health benefits. Basketball as a sports activity has various physical as well as moral benefits.  This sports activity helps in building endurance and improves coordination and balance (Wright & Benjamin K., 2015).  It also helps in developing self-discipline and concentration.  At the same time playing an hour of basketball has potential to burn as many as 750 calories.  Basketball also builds up muscles.  Besides that, it has also been observed that many people play basketball because it helps in making new friends and seeing them regularly teach you.  It is also a fun game that can be played all around because it can also be played Indoor (Higham & Hinch, 2002).  These are the major benefits of playing basketball.