Right, let's get this out of the way.
This sport is cruel and unusual. Horses that are hurt are murdered because owners can't be arsed paying for their medical care or graceful retirement. It is disgusting beyond measure that these people claim to love the animals until same is no longer capable of making any money - and then it's just a waste product. Somehow - and there is no other place in Australian culture where this is legal - riders are allowed to whip the horses.
It is revolting that it is allowed in this country. This is one of Melbourne's great embarrassments.
To top it all off, Caulfield Racecourse, Flemington Racecourse and Moonee Valley Racecourse take a phenomenal amount of inner city pubic space with very little return to the public. These properties should have their buildings torn down and turned into public parks.