The price of leather was in free-fall this Tuesday morning as the BHA (the "British Horseracing Authority", not to be confused with the BHA, the "British Hospitality Association", the BHA, the "British Humanist Association", or BHA, Butylated hydroxyanisole) announced restrictive rules on the admissibility of horse whipping during races.
Interest in bookies and races in general was instantly dulled worldwide. Ladbrokes has already announced its intention to spin off its betting business during the upcoming quarter to concentrate on its core activity: burning money.













