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A generic image of a race (John Donegan/Racing Photos)

A generic image of a race (John Donegan/Racing Photos)

Racing can’t keep protecting itself from honest analysis

When criticism disappears, so does insight - and punters are left with a weaker product

Matt Welsh by Matt Welsh
March 30, 2026
in Analysis, News
Reading Time: 3 mins read
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There is an uncomfortable truth at the heart of racing that too many people in the industry would rather avoid. We have become overly protective of participants and, in doing so, we are stripping away one of the most valuable aspects of any sport, which is honest and informed assessment of performance.

This is not about being provocative for the sake of it. It is about recognising that racing is a wagering product driven by punters, and punters rely on information. They rely on insight. They rely on people being prepared to say what is actually happening, not what is safest to say.

I saw this dynamic play out clearly during my time at Racing.com. We introduced a simple graphic that highlighted which jockeys and trainers were in form and which were not. It reflected results and trends that were already there for anyone willing to look, and for punters it was incredibly useful. It provided a quick snapshot of who was performing and who was struggling, much like any other major sport.

It did not last. Complaints came in from participants who did not like seeing themselves on the wrong side of the ledger, and eventually the decision was made to remove it. Not because it lacked value or accuracy, but because it made people uncomfortable. Racing chose comfort over honesty.

I will concede I have been part of the problem. At times I accepted those decisions from CEOs and boards, despite believing we were moving in the wrong direction. That speaks to how ingrained this mindset has become across the industry.

The same thinking has crept into other parts of coverage, most notably the mounting yard, which should be one of the most valuable information sources for punters on race day. Analysts are there to assess what is in front of them, how a horse looks, how it is behaving, whether it presents as fit and ready to perform. That is the job.

Yet there have been instances where trainers have complained simply because an analyst suggested their horse did not parade particularly well. That should be unthinkable. If we cannot say that a horse looks below its best, then the entire exercise becomes pointless.

What that pressure creates is a culture where people shy away from critical assessment, where the fear of offending overrides the responsibility to inform. Analysts soften their language, avoid definitive calls and default to neutral commentary that says very little. Over time, that becomes the norm. The mounting yard, which should be a genuine edge for punters, turns into little more than filler.

At its core, this is not a complicated issue. It is about being willing to call performance for what it is, good or bad, based on evidence.

That is not personal. That is what informed analysis looks like. And yet it is the type of commentary racing too often avoids.

The broader point is that scrutiny is not something to be feared. It is a sign of relevance. There are many jockeys and trainers in Australia earning significant incomes, with leading hoops earning north of $1 million a year in a sport funded largely by wagering.

It is a demanding and incredibly dangerous profession, which everyone acknowledges, but that does not place it beyond assessment.

With that level of reward comes a level of expectation, and being analysed, debated and at times criticised is part of that. Pressure and public scrutiny are a privilege that come with the territory.

The reality is simple. If we’re happy to talk about who is in form, we should be just as comfortable identifying who might be out of form. That conversation exists in every other sport, yet in racing it’s almost completely avoided.

In every other major sport, performance is analysed, debated and sometimes criticised. It drives engagement, fuels conversation and makes the product more compelling. Racing stands almost alone in how cautious it is in this space.

At the same time, it is important to draw a clear line between analysis and abuse. They are not the same thing. The recent move by Racing Victoria to encourage participants to report abusive punters is a positive step. Personal attacks and harassment have no place in the sport. But conflating that with reasoned, evidence based critique does a disservice to everyone involved.

Racing already faces challenges around relevance and engagement. It is a sport that operates almost every day of the year, which means it must work harder than most to capture attention. One of the most effective ways to do that is through strong, informed and honest coverage.

When opinions are dulled and edges are removed, the product becomes less interesting. When the product becomes less interesting, engagement suffers, and so does turnover.

This is not about tearing people down. It is about elevating the conversation and treating racing like the serious, professional sport that it is.

If people are talking about a jockey or a trainer, analysing their decisions and debating their form, it means they matter. That is not something to resist. It is something to embrace.

Because the alternative is a version of racing where nothing meaningful is said, nothing is challenged and nothing truly resonates. And in a crowded sporting landscape, that is a far greater risk than any uncomfortable conversation.

Tags: betting insightshorse racingjockeysopinionpuntingracing analysisracing mediatrainers
Matt Welsh

Matt Welsh

Matt Welsh is the founder of Betsy and one of Australia’s most respected form analysts. A former executive at Racing.com and Racing Victoria, Matt has built a reputation for market-leading analysis, clear communication, and a deep understanding of both racing and wagering. With Betsy, he has assembled a team of trusted, high-quality form analysts dedicated to delivering expert analysis that will arm Betsy punters for a winning day at the races.

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