What are you doing in your free time? What is your favorite sport? Playing sport help you to build your body, fill up your free time, and the most important – it keep you fit. It is the best thing to get relaxed and to do something different. There are many kinds of sports, and some of them can be easily played at home, but some sports are expensive and not everyone can afford them. Some sports needs huge capital to even participate and that is why they are not easy like football or basketball.
Below are the top 10 most expensive sports in the world to decide whether the sport that you play is expensive or not. Be warned, some of these sports have the potential to empty your pockets.
It is a horse game that involves the skill of driving, riding, steeple chasing or vaulting with horses and controlling it. The cost is estimated to $200,000 and this doesn’t involve the buying and selling of the horse. It is limited to maintenance of the horse for a year.
This sport has the reputation of being a preferred choice of rich and wealthy class. The sport requires the purchase of elite horses and involves various other costs such as maintenance, training, and travelling costs as well. Moreover, in Polo players are required to own more than one horse and this figure can go up to four horses as they have to substitute tired horses in the course of a game. One tournament cost can range anywhere between $3,500 to $150,000. Plus if you are a sponsor you should be ready to spend anywhere between $300,000 to $1,000,000.
8. Formula 1
Formula 1 racing has sponsors such as Ferrari, McLaren, and Red Bull, so you already know it’s a big money industry. It is an immensely famous sport and basically is a motor racing game in which drivers have to drive their car through different routes. The basic characteristic of this sport is that the drivers who participate in this sport have to own the cars which they drive. Organizing a single race can cost about $190,000.
This is very expensive sport because participation in this game cost large amount. Its training and equipment used in this is also very expensive. The people participating in this sport have to spend on further 5 sports which are running, swimming, shooting, jumping and fencing as well which is very good experience. The cost incurred on the equipment and keeping them is very expensive as maintaining guns and purchasing them cost large amount of money.
Owning a boat is usually more expensive than owning a car and the boats required for this sport, and the assortment of equipment, requires deep pockets. A sailing vessel can cost up to $100 million as in the AC 72 craft which will participate in this year’s America’s Cup. Once the necessary equipment is purchased, sailing is not that expensive! The only problem is it is usually a sport that takes place over a few months. The rest of the time the boat has to be stored and this is where most of the money is spent. When the boat in question is on dry land, it is an expensive task to make sure it is suitable to go back in the water.
5. Wing suiting
It is very different and interesting sport in which humans are thrown in the air wearing jumpsuit and they have to fly in them. People will be shocked to know that wingsuit is not expensive it only cost about $2,500. The most expensive thing in this sport is the money spent on going up and coming down safely. As people have to take special training, rent a plane, pilot and insurance as well. But the events conducted for these sports are very expensive due to all expenses incurred on the event. Recreational wingsuiting can cost up to $30,000 a year, without including insurance costs. These costs are exponentially higher for competitive wingsuiting.
4. Hot Air Balloon Racing
Believe it or not, this is a real sport. Funny, fun and real. A one person hot air balloon costs at least $20,000 to buy. As with most of these sports there are several other costs to take into account. Balloons must meet air safety regulations and need to be inspected which costs around $350. Inspections occur either annually or every 100 hours of flight time. The costs of training for a pilot’s license can cost anywhere between $1,250 and $3,000. The insurance cost and the competition cost, makes this sports one of the very costly sports in the world.
This interesting game was introduced in Winter Olympics. This was first performed by the American star Lolo Jones as she got training after 2012. It is similar to F1 and requires a lot of sponsorship due to very high expenses. You’ll need lessons, gear, maintenance and insurance, as well as a trailer for transportation, none of which are cheap. The sled’s runners can cost as much as $5,000
2. Ski Jumping
This is a winter sport and the equipment for this sport can cost upwards of $2,500. While recreational ski jumping is pricey, competitive ski jumping can be exponentially more so. The equipment will cost more (maybe $2,500 for just the skis) and a trainer is required. Access to ski jump for training is also a requirement and is going to cost a lot.
1. Whitianga Festival of Sports
The most expensive sport of the world is Whitianga Festival of Speed and it is a true spectacle. It is happening in New Zealand every year, and this event includes an offshore powerboat race, helicopter race, Car Vs Helicopter racing, Jet Ski racing, parachute swooping etc. The event specialty is that it is free for the spectators. Owning and maintaining the equipment for one of these races is expensive enough, but to do it for all of them requires many millions of dollars.