The major issues of Bicycle and Boat Racing Act are to newly build the foundation rule for an over-the-counter market and establish a base of the limitation of the number of coming in and out to the over-the-counter market in order to make strengthening the permission process of over-the-counter markets. It is not reasonable that such bicycle and boat racing is only a type of speculative businesses to solve the problem existed in these issues. Although, such bicycle and boat racing presents certain speculative aspects, this study approaches to this business as a type of betting sports based on the fact that the objective of Bicycle and Boat Racing Act is to promote people’s recreational activities. In addition, a certain control of the least upper bound of daily purchasing amounts using and ID card will cause the violation of the privacy and some side effects, such as other illegal gambles or overseas gambles. Thus, it is necessary to present certain circumspections in the enactment of legislation due to the fact that the revised Bicycle and Boat Racing Act. The purpose of this study is to present several plans so that bicycle and boat racing can be established in Korea in the future as one of sound leisure industry. The first, the policy of bicycle and boat racing business shall be established by relieving the advantages of bicycle and boat racing in comparison with horse racing, motorboat racing and casino. The second, actual study on the demand and supply plan of velodrome shall be required to develop bicycle and boat racing equally in all of districts. The third, the organization and manpower of bicycle and boat racing business headquarters are insufficient, the capacity to create reinvestment funds is lack, and the facilities of velodrome are not suitable, which these situations disturb the fair operation and smooth distribution of bicycle and boat racing business, thus the former problems shall be improved constantly. The fourth, bicycle and boat racing training institute shall be founded in order to solve the short of player and judge caused by the constant supply of velodrome, and to train excellent players through high-quality training. The fifth, businessmen related with bicycle and boat racing shall create Player’s Association and Mutual Aid Union to offer retirement pension, handicapped person pension, living expenses and medical fee for injury received during racing or training in the welfare aspect so that pro-cycling players can believe firmly in the living of player.