I'm really not sure if it matters what channel broadcasts the races. The people that want to watch it/bet it will find a way to see the races. The mainstream public that's somewhat interested or on the fence about racing aren't sitting in front of the TV to watch a race every 40 minutes no matter what channel it's on.
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Felix Unger talking to Oscar Madison: "Your horse could finish third by 20 lengths and they still pay you? And you have been losing money for all these years?!"
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