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Sport is also a major source of entertainment for non-participants, with spectator sport drawing large crowds to sport venues, and reaching wider audiences through broadcasting. Sport betting is in some cases severely regulated, and in some cases is central to the sport. — Miami showed there's still a place for old-school basketball played by experienced players — and for the Hurricanes, that's in the Sweet 16. A loss had the opposite effect, and the effect is greater for higher-profile teams or unexpected wins and losses. Also, when Washington Redskins win their final game before an election, then the incumbent President is more likely to win, and if the Redskins lose, then the opposition candidate is more likely to win; this has become known as the Redskins Rule. It is common for popular sports to attract large broadcast audiences, leading to rival broadcasters bidding large amounts of money for the rights to show certain fixtures. Records of performance are often kept, an...

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