The usual 2000 punters dwindled to 1200 people once news broke that there would be no horses racing.

Hundreds had spent the days building up to race day camping on site and were provided with enough entertainment to keep them going late into the evening.

Tabulam Racing Club secretary Milton King said he was disappointed with the decision to scrap the five scheduled races.

Racing NSW pulled the plug on any races with concerns over the wet track.

“So disappointed - there was a section of the track which was too wet from those big storms through the week,” Mr King said.

“The stewards decided it was too dangerous to race on, I just thought it was nice and dry, it seemed to me but the stewards know how to find out. It was still a bit water logged and it was going to break up too much.”

Mr King said the club was relying on a crowd of more than 2000 and he hoped it wouldn't give the event a bad reputation.

“Because all the race books have been printed, lots of expenses have already gone out, so we're going to be quite out of pocket,” he said.

“It's obviously financially going to be a loss.

“We've had a couple of good years so we can wear it out okay but just hoping the people don't get disappointed and that they will come back next year.”

Organisations who were there on the day to help with food service said they hoped they’d just break even.

Racing NSW pulled the pin on Friday night, leaving organisers scrambling.

“The track at Tabulam is a once a year track and of course it's an important community event but it generally doesn't have a dense cover or turf that enables it to handle wet weather as well as some other tracks,” Scott Kennedy from Racing NSW said.

Mr Kennedy said they had to prioritise safety when they made their decision.

A ‘phantom meet’ was held with fashions still at top notch and event goers still enjoying the day.

“We’ll be back again next year, like every year,” Mr King said.