Thankfully there's enough people like you who are prepared to bend over and take one for the team that it means the rest of us don't have to suffer.
Why do you think the banks are paying out billions in bank charges and mis-sold PPI? The customers signed up to the terms and conditions, didn't they?
No, in general they didn't. That's why the banks are paying out. They sold so many policies to people without showing them the terms and conditions and to people who wouldn't be able to claim, ie the self employed that they just put a huge amount of cash in a pot and decided to pay out on everyone's claim as to assess everyone would cost them more In the long run. Essentially the banks are paying out on some policies that were sold correctly, hence the huge market in ppi claims companies.
I still assert that the company (KTG?)did not mis-sell the product..customers mis-purchased it. If the terms and conditions are not legally binding I'm sure there will be a settlement, then to cover its costs the company will stick some more cash on tickets for its future events and put a new term and condition that will read something like:
In the event of dangerous conditions it will be left to the discretion of individuals whether to ride or not. We advise that individuals take out specialist dangerous sports insurance (available from the BMC) in order to cover injury of loss of life. Should you choose to take part please remember to sign the disclaimer at the start that removes any liability from KTG and its insurers.
Interestingly I notice that county cricket operates the same no refund policy on its ticketing (in Worcester specifically) in the event of bad weather. You just get admittance to another game. My guess is that they have a few lawyers floating about in first class cricket crowds, any yet I don't see this policy changing soon.