which featured as part of the channel's World of Sport programme. This lasted until the early 1980s, when coverage was gradually transferred to Channel 4. Prior to 2017, ITV had not shown any horse racing since 1988. For many years, racing was also broadcast on the BBC, who pioneered coverage of the sport in the 1950s. The network retained the rights to key race meetings, such as the Grand National, Royal Ascot and the Derby until 2012 when it was outbid for the rights by Channel 4. The BBC broadcast some of the key moments in the history of British horse racing, such as Red Rum winning his third Grand National and the 1967 victory of Foinavon in the same race after most of the field fell at the same fence. Channel 4's covered the sport for more than 30 years. Initially it showed the midweek events which were previously shown on ITV but from late 1985 it covered all of the racing previously shown by ITV. Between 2013 and 2016, Channel 4 was the exclusive home of horse racing on terrestrial television. The last day of Channel 4 Racing was on 27 December 2016. As with other sports, many of the people who have presented racing on TV through the years have become inseparably linked with racing in the public consciousness. Foremost among these for many years was the BBC's Sir Peter O'Sullevan, known as 'the voice of racing', who commentated on 50 Grand Nationals. Channel 4's most recognisable racing figure was John McCririck, famed for his eccentric dress sense and use of the bookmakers' sign language 'tic-tac'. Other notable presenters of Channel 4's coverage included Derek Thompson, John Francome, John Oaksey and Brough Scott. Clare Balding transferred from the BBC in 2013 to become lead presenter. Betting Wagering money on horse races is as old as the sport itself, but in the United Kingdom the links between horse racing and nationwide wagering are very strong. Betting shops are common sights in most towns, tending to be sited wherever a significant number of people with disposable cash can be expected. At one point in the 1970s it was said that the ideal location was "close to a pub, the Labour Exchange and the Post Office", the first being a source of customers in a good mood, the other two being sources of ready cash in the form of "the