Erm I'm new in this pigeon game please not scare newcomers in this hobby, we all try our best to get good numbers for racing as yes you do lose half after a season. IMO we breed pigeons to a good number and it balances out to the losses, only downside is expenses to chip rings, feeding and the loft upkeep also the doos but hey other hobbies cost money too (expensive golf clubs etc). We need to keep this hobby alive as pigeons have a good history and you never know there might be a time we need them for messages in war (if technology breaks down lol)