text: I don’t know about racing tipsters but I can say a few things about financial experts. Their reasons are as follows:\n1) The notoriety they gain by being on TV helps there career/business. They want people to hire them to manage their money or invest in their mutual or hedge fund. If they are a TV expert that gives them credibility. \n2) If you fallow their advice you may be helping them out. If they own a stock and get a bunch of people watching TV to buy that stock the price goes up and they make money. \n3) People generally enjoy the ego boost of disseminating their brilliant opinions. (Like on Yahoo Questions)