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10 of the Worlds Most Expensive Sports

The beauty of sports is that they are the closest thing to a meritocracy. Anyone can compete in anything and if one is the best at a particular sport, he or she has every possibility of succeeding. Ho

The beauty of sports is that they are the closest thing to a meritocracy. Anyone can compete in anything and if one is the best at a particular sport, he or she has every possibility of succeeding. However, this statement is not true of every sport. Sure, anyone can play basketball or soccer at anytime and if they show a particular talent, they can make a career out of it. While this is true for many sports, it is not for all. Not everyone has access to every sport. In some sports, talent and hard work are not the determinants of success. The major determinant of success in some sports is money.

The following ten sports are all about access. Without considerable financial capital there is no way an individual can even consider participating in these sports. The costs associated with these sports are very high and not only include equipment and training costs, but also insurance. Quite frankly, some of these sports appear to be designed so the elite can do something with their money. Regardless of the expenses, competing in and succeeding in these ten sports is time consuming and requires a level of commitment on par with other sports. If you want to pursue any of these sports though, be warned, they have the potential to empty your pockets.

10 Equestrian

9 Polo

8 Formula 1 

Jerome Miron/USA TODAY Sports Images

7 Sailing

6 Pentathlon

5 Wingsuiting

4 Bobsledding

John David Mercer/USA TODAY Sports Images

3 Hot Air Balloon Racing

I was not aware that racing hot air balloons was a sport. A quick look at the prices for a recreational ride on a hot air balloon reveals that an individual would pay upwards of $300 for an hour ride. One can only imagine the costs of owning and competing in those balloons. A one person hot air balloon costs at least $20,000 to buy. As with most of these sports their 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.

2 Ski Jumping

1 The Whitianga Festival of Sports

The world's most expensive sport or sporting event is the Whitianga Festival of Speed. The festival is held annually in New Zealand and features multiple sports centered around speed. The event includes a helicopter race, an offshore powerboat race, jet ski racing, rally car vs. helicopter racing, and parachute swooping, among other events. So, basically in order for you to join the competition, you have to have a helicopter, amongst all the other equipment. 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.

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10 of the Worlds Most Expensive Sports